HomeMy WebLinkAboutCC Res 1938 1971-01-05
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AGENDA ITEM X A
RESOLUTION NUMBER ~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SEAL BEACH, CALIFORNIA, RESOLVING THAT A "BALANCE
SHEET" SHALL BE INCLUDED IN FUTURE BUDGETS OF
THE CITY OF SEAL BEACH.
WHEREAS, A "balance sheet" is an integral part of any financial
analysis of a corporation, partnership, federal, state, or muni-
cipal government; and
WHEREAS, The confidence of the people in any federal, state, or
municipal government is reinforced when information is put forth
in a clear and concise manner; and
WHEREAS, A complete detailed breakdown of all invested funds,
cash surplus, and other funds would be of benefit to the members
of the City Council in formulating financial policy for forth-
coming fiscal years;
NOW, THEREFORE, be it resolved by the City Council of the City
of Seal Beach, California, that all future budgets of the city
of Seal Beach shall include a "balance sheet."
PASSED, APPROVED, AND ADOPTED by the City Council of the City
of Seal Beach, California, at a meeting thereof held on the ~
day of January, 1971, by the following vote: ----
AYES: Councilmen ~j"_. ~_. -d,,:q.,u/ ~/,..../
Councilmen ~
Councilmen d1~
NOES:
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Introduced by
Councilman Conway J. Fuhrman
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