HomeMy WebLinkAboutReso 98-2004RESOLUTION NO. 98-2004
CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING VARIOUS BUDGET ACTIONS
TOTAl,lNG $1.62 MILLION THAT ALLOW STAFF TO CI,OSE THE
BOOKS FOR THE GENERAL FUND 2003/04 FISCAl, YFAR
WHEREAS, staff recommends authorizing expenditures off
$757,000 in Downtown, $319,000 in Low and Moderate Income Housing,
$83,000 in E1 Camino, $43,000 in Gateway, and $20,000 in Shearwater for a total
of $1,222,000 in Redevelopment Agency operational and debt service funds
· $229,000 in various Common Greens maintenance district funds
· $75,000 in Parking District enterprise funds
WHEREAS, staff recommends shifting fiscal year 2003/04 General Fund expenditures on a
retroactive basis to the above funds and to Sewer and other funds.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of South San
Francisco that the City Council hereby approves various budget actions retroactive funding shifts,
and administrative charges totaling $1.62 million that allow staff to close books for the 2003/04
fiscal year. Taking these actions will result in a General Fund undesignated reserve of approximately
$4 million as of June 30, 2004.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the
City Council of the City of South San Francisco at a regular meeting held on the 22nd day of
September 2004 by the following vote:
AYES: Councilmembers Joseph A. Fernekes, Richard A. Garbarino and Pedro Gonzalez,
Vice Mayor Raymond L. Green and Mayor Karyl Matsumoto
NOES: None.
ABSTAIN: None.
ABSENT: None.
ATTEST:
- t/ ~ty-Cle'rk' '