HomeMy WebLinkAboutCC Ord 803 1970-01-19
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ORDINANCE NUMBER 803
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AN ORDINANCE OF THE CITY OF SEAL BEACH, CALIF.,
AMENDING ORDINANCE NUMBER 794 RELATING TO THE
CASH BASIS WORKING CAPITAL FUND.
The City Council of the City of Seal leaCh, california, does
hereby ordain as follows: I
Section 1. Ordinance Number 794'entitled AN ORDINANCE
OF THE CITY OF SEAL BEACH, CALIFORNIA~ ESTABLISHING A CASH
BASIS WORKING CAPITAL FUND AND APPROPRIATING MONIES THERETO
is hereby amended by the addition of Section 3 of said
ordinance: ~aid Section 3 to read as follows:
Not withstanding any other provisions of
this ordinance, the city Manager shall,
on or after July 1 of each fiscal year,
submit to the City Council, ~d the city
council may adopt a resolution authorizing
the transfer of monies from the Cash Basis
Working Capital Funds, prior to such trans-
fers being made and entered on the accounts
of the City. Said resolution shall indicate
the necessity for said transfers of money,
the fund or funds of the City to which such
transfers are being made, the amount of the
transfer of money. The City Manager shall
notify the City Council in writing of the
repayment of the transfers and advances made
by the Cash Basis Fund and s~all cause proper
accounts to be kept and audited to insure
that all monies advanced from the Bash Basis
working Capital Fund shall be repaid to said
fund on or before June 30 of! each fiscal year.
Section 2. This ordinance shall'become effective thirty
(30) days after the adoption thereof, 'and the City Clerk shall
certify to its adoption and shall pos~ same according to law.
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PASSED, APPROVED, AND ADOPTED by the city Council of the City
of Seal Beach at a meeting thereof held on the Ir{t.day of
January, 1970, by the following vote:: ~
AYES: councilmen UnL?I--J_ /.fh.~, !:f..4.,L...~...,;"/.J , ~""'n.IAL ,7:.l...J..b.....
NOES: Councilmen '
ABSENT: Councilmen ~
ATTEST:
~[?~S(/b/'A
Ci Clerk
I, JERDYS wr:m, CITY r.lERK or- THE C~TY OF SEAL
BEACf:l, DO ':E:-7--:=-Y r,r:~T:;:Y TH!'T TI':r:: FO~EG.oING
O~DINAl'\CE IS TH': CRir.!NI'.L orWir'I'.r,:c;: t!oJa.:l.
AND WAS POSTED PURSUANT TO Or1D~N r':CE ---'"
NO..:Z2,~,ON THE .~~.~!..DAY 0, 7~g.1&./, /'77",
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~,r,......" .,...,.........,.,...... CITY CLERK