Transfer cash from General Fund to eliminate negative balances in other city funds

General Fund TransferBudget

In Plain English

Several city funds currently have negative cash balances, meaning they owe money they don't have. The city plans to move cash from its General Fund to cover these debts. This prevents the city from defaulting on obligations but reduces money available for other General Fund services.

Auto-generated summary. Source: official agenda documents.

Votes

Adopt resolution for one-time transfer of funds

Moved by: Councilmember ViramontesSeconded by: Councilmember Rogers
Passed