Transfer cash from General Fund to eliminate negative balances in other city funds
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
PassedCommunity Discussion
This discussion was submitted to the City Clerk as part of the public record.
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Similar Discussions
5 related items found by meaning
Transfer cash between city funds
Transfer cash from General Fund reserves to cover negative balances in other funds
Transfer $318,235 between city department budgets
Adjust city budget using $13 million utility tax revenue to cover revenue shortfalls
Write off unpaid debts owed to the city
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