HomeMy WebLinkAboutReso 105-1996 RESOLUTION NO. ]_05-96
CITY COUNCIL~ CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
A RESOLUTION APPROVING THE
SOUTH SAN FRANCISCO CONFERENCE CENTER AUTHORITY
FISCAL YEAR 1996-97 BUDGET
WHEREAS, iSouth San Francisco Municipal Code §2.78.010 et seq.
requires thatithe Conference Center budget be approved by the City
Council; and
WHEREAS, the Conference Center Authority has conducted public
meetings, considered available public input, and reviewed the
Fiscal Year 1996-97 budget; and
WHEREAS,i the Authority found that the budget represented the
appropriate level of expenditures for Fiscal Year 1996-97 and
recommended that the proposed budget be approved by the City
Council. ~
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
South San Francisco as follows:
1. Thei budget identified as the "Conference Center Fiscal
Year 1996-971 Operating Budget" in the amount of $2,371,184 in
revenue and i$2,206,215 in expenditures is hereby approved by the
City Council.
2. Thel budget identified as the "Conference Center Fiscal
Year 1996-97 Fund Balance and Designated/Undesignated Reserves" in
the amount ofl $92,500 in capital expenditures, $60,000 in City of
South San Francisco General Fund loan payment expenditures, and
$164,969 in designated reserves is hereby approved by the City
Council.
3. EaCh budget category listed in Municipal Code §2.78.106
is funded to !the limits specified in the proposed budget.
4. Thei funds collected pursuant to Municipal Code §4.20.035
are hereby appropriated to fund the Conference Center budget.
5. The City Manager and Finance Director are hereby directed
and authorized to make the specified funds available to the
Conference Center.
6. copies of the Conference Center budget shall be made
i .
available for public review and inspection in the Offices of the
City Clerk and Administrative offices of the Conference Center.
I herebylcertify that the foregoing Resolution was regularly
introduced and adopted by the City Council of the City of South San
Francisco at a requ]ar meeting held on the 26th day of
June i , 1996 by the following vote:
AYES:
CounCilmembers Euqene R. Mullin, John R. Penna, Robert Yee
and Mayor Pro Tem Joseph A. Fernekes
NOES: None
ABSTAIN: N0nei
ABSENT: Mayor Jack Draq0
City Clerk