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HomeMy WebLinkAboutReso 72-2014RESOLUTION NO. 72 -2014 CITY COUNCIL, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA A RESOLUTION APPROVING INTERIM SPENDING AUTHORITY FOR THE FIRST 90 DAYS OF FISCAL YEAR 2014 -15 FOR THE SOUTH SAN FRANCISCO CONFERENCE CENTER WHEREAS, the Conference Center Authority's authority to expend funds granted under prior budget resolutions expires June 30, 2014; and WHEREAS, a resolution must be passed to allow for continued operations until the budget is adopted, assuming the budget is not adopted prior to June 30, 2014; and WHEREAS, it is the intention of the City Council to grant interim spending authority to allow the 2013 -2014 operating budget to be continued for a period of ninety (90) days from July 1, 2014 in the amount of one -third (1/3) of the approved Fiscal Year 2013 -2014 budget. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco hereby approves interim spending for the first 90 days of the fiscal year, through September 25, 2014, in the amount of one -third (1/3) of the approved Fiscal Year 2013 -2014 budget, in the event the 2014 -2015 operating budget is not approved prior to June 30, 2014. 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 18th day of June, 2014 by the following vote: AYES: Councilmembers Mark N. Addiego Pradeep Gupta, and Liza Norman- y Vice Mayor Richard A. Garbarino and Mayor Karyl Matsumoto NOES: None ABSTAIN: ABSENT: ATTEST: Anna Brown, Deputy City Clerk