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HomeMy WebLinkAboutReso 34-2000RESOLUTION NO..34-2000 CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION APPROVING A BUDGET APPROPRIATION OF $89,500 FROM THE CONFERENCE CENTER UNDESIGNATED FUND BALANCE TO THE FY 1999-2000 OPERATIONS BUDGET TO FUND PROFESSIONAL SERVICES TO CONDUCT THE CONFERENCE CENTER EXPANSION FEASIBILITY STUDY WHEREAS, the City Council, on June 23, 1999, approved the budget identified as the "Conference Center Fiscal Year 1999-2000 Budget" in the amount of $2,661,823 in revenue and $2,490,932 in expenditures and the budget identified as the "Conference Center Fiscal Year 1999-2000 Fund Balance/Designated/Undesignated Reserves" in the amount of $151,700 in capital expenditures; and WHEREAS, the Conference Center undesignated fund balance is $369,499; and WHEREAS, the Conference Center Authority, on March 23, 2000, approved making a request to the City Council to appropriate $89,500 to the operations budget from the undesignated fund balance to fund professional services to conduct the Conference Center Expansion Feasibility Study. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco as follows: 1. The appropriation of $89,500 to the South San Francisco Conference Center Fiscal Year 1999-2000 operations budget from the South San Francisco Conference Center undesignated fund balance to fund professional services to conduct the Conference Center Expansion Feasibility Study is hereby approved by the City Council. 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 R.e~;ular meeting held on the AYES: NOES: 26th day of Ap~iZ ,2000, by the following vote: Councilmembers James L. Datzman, Eugene R. Nullin and John R. Penna~ Mayor Pro Tem Joseph A. Fernekes and Mayor Karyl Matsumoto None. ABSTAIN: ~one. ABSENT: ~one.