CC Resolution 8418
RESOLUTION NO. 8418
BEING A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CAMPBELL APPROVING AN ADJUSTMENT TO THE
1992/93 FISCAL YEAR BUDGET
WHEREAS, the City Council has adopted a budget for the 1992/93 fiscal year; and
WHEREAS, there is an opportunity and need to transfer funds not originally
anticipated in the budget; and
WHEREAS, funds are available in the City Certificates of Participation (COP)
account 031.206.2290 - City COP Projects Unappropriated Fund Balance.
NOW, THEREFORE, BE IT RESOLVED, that the City Council authorizes the
transfer of $33,876 from account number 031.206.2290 to account number 031.90.790.92-
02.4883, Swimming Pool Resurfacing project, thereby releasing the original appropriation
of $33,000 back to the Capital Improvement Reserve fund balance, 035.206.2290.
PASSED AND ADOPTED this seventh day of December, 1992 by the following vote:
AYES:
Council Members:
Burr, Watson, Ashworth, Dougherty, Conant
NOES:
Council Members:
None
ABSENT:
Council Members:
None
APPROVED:
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Barbara Conant, Mayor
ArrEST:
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Anne Bybee, City Clerk
\
CITY
REQUEST FOR
OF CAMPBELL.
BUDGET AD.::TUST'MENTS
DEPARTMENT/PROGRAM
DATE
Recreation & Community Svcs
Building Maint.
12/7 /92
BUDGET TR..ANSFER
TO BE REDUCED:
FUND
ACCOUNT NUMBER
DESCRIPTION
AMOUNT
035
04.530.92-02.4883
031
206.2290
Improv. Other Than Bldgs -$33,000
Swimming Pool Resurfacing
City COP Projects $33,876
Unappropriated Fund
Balance
.TO BE INCREASED:
ACCOUNT NUMBER
DESCRIPTION
AMOUNT
035
206.2290
General Fund -
Capital Improvement
Reserve (restores Fund 35
fund balance)
CIP #92-02 $33,876
Swimming Pool Resurfacing
(Reappropriates the projec
to a different fund)
031
90.790.92-02.4883
Reason for Request (Be Spec~f~c):
To fund the Swimming Pool Resurfacing project out of COP bond proceeds instead of CIPR.
This request removes the Swimming Pool resurfacing project from the Capital
Improvement Reserve fund and reduces the COP Unappropriated Fund Balance by the
total cost of the project ($33,876). It then restores the $33,000 originally
budgeted in CIPR back into CIPR, and establishes a new account for the project
in Fund 031 (COP Bond Proceeds).
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Signature:
Signature:
DEPARTMENT HEAD
FINANCE DIRECTOR
REV 2/90