HomeMy WebLinkAboutCC Res 3132 1982-02-22
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RESOLUTION NO. ~,,~-
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SEAL BEACH, CALIFORNIA, ESTABLISHING
A POLICY FOR INTERFUND TRANSFERS INVOLVING
CERTAIN SPECIAL-PURPOSE FUNDS
WHEREAS, the basis of accounting to be followed in recording transactions
in the respective funds depends on the purpose of which a fund
has been established; and
WHEREAS, the City has established by ordinance various specific-purpose
funds; and
WHEREAS, it may be necessary from time-to-time to transfer monies from these
specific-purpose funds to the general fund for a brief period of
time in order to meet current cash flow requirements; and
WHEREAS, it is the obligation of the City Council to oversee and approve
such interfund transfers to ensure that monies received and
earmarked for special purposes are so expended.
NOW, THEREFORE, BE IT RESOLVED that any interfund transfer affecting the
following special-purpose funds shall require prior approval of the City
Council:
Vehicle Depreciation & Revolving Fund
Liability Insurance Reserve Fund
Self-Insurers' Loss Reserve Fund
Environmental Reserve Fund
Pa rk Fees Fund
Plant & Equipment Reserve Fund
Capital Project & Equipment Fund
PASSED, APPROVED, AND ADOPTED by the City Council of the City of Seal Beach,
California, at a meeting thereof held on the ~6ul day of~~"'-"d '
1982, by the following vote: f
AYES: Councilmembers
NOES: Councilmembers
ABSENT: Councilmembers
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ayor
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