HomeMy WebLinkAbout93-51 - Determining General Fund Operating Reserve for FY 1993-19941.19
RESOLUTION NO. 93-51
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, DETERMINING AND ADOPT-
ING THE GENERAL FUND OPERATING RESERVE FOR THE
1993-94 FISCAL YEAR, IN ACCORDANCE WITH TITLE 2,
CHAPTER V, ARTICLE 6, OF THE COSTA MESA
MUNICIPAL CODE
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS
FOLLOWS:
THAT, WHEREAS, Title 2 of the Costa Mesa Municipal Code was amended by
Ordinance No. 91-20 to include Chapter V, Article 6; and
WHEREAS, the C'.ty Council has adopted a financial plan for the 1993-94 fiscal year as
evidenced by the adoption of the 1993-94 budget on June 21, 1993; and
WHEREAS, the City Council finds that it is in the interest of the public health, safety
and welfare of the City to establish a General Fund Operating Reserve as part of a
comprehensive financial plan for the City.
NOW, THEREFORE, BE IT RESOLVED that the City of Costa Mesa, California, has
determined in accordance with Title 2, Chapter V, Article 6 of the Costa Mesa Municipal Code
that the General Fund Operating Reserve be established at $14.1 million dollars.
BE IT FINALLY RESOLVED that the General Fund Operating Reserve may be utilized
only in accordance with those provisions so authorized by Ordinance 91-20.
PASSED AND ADOPTED this 21st day of June, 1993.
Mayor of the City of Costa Mesa
ATTEST:
Deputy City lerk of the City of Costa Mesa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
I, MARY T. ELLIOTT, Deputy City Clerk and ex -officio Clerk of the City Council of
the City of Costa Mesa, hereby certify that the above and foregoing Resolution No. 93-51 was
duly and regularly passed and adopted by the said City Council at a regular meeting thereof held
on the 21st day of June, 1993.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of the City
of Costa Mesa this 22nd day of June, 1993.
Deputy City lerk and ex -officio Clerk of
the City Co cil of the City of Costa Mesa