Transfer cash from city reserves to cover budget shortfalls
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Resolution <UNKNOWN>
In Plain English
Several city departments spent more money than budgeted during the fiscal year that ended June 30, 2017. The city maintains reserve funds for situations like this. If approved, the city moves money from its general savings account to cover the overspending and balance the books.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
7 to 0
Community Discussion
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Similar Discussions
5 related items found by meaning
Approve final budget adjustments for fiscal year that ended in June 2019
Transfer cash from General Fund reserves to cover negative balances in other funds
Adjust city's 2019-20 budget at mid-year review
Approve mid-year budget adjustments for current fiscal year
Receive update on final adjustments to 2020-2021 budget
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