Transfer cash from city reserves to cover budget shortfalls

Year-End Budget AdjustmentsBudget<UNKNOWN>

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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

Moved by: Councilmember MyrickSeconded by: Councilmember Choi
Passed

7 to 0

Thomas K. ButtAye
Ben ChoiAye
Eduardo MartinezAye
Jael MyrickAye
Ada RecinosAye
Melvin WillisAye
Jovanka BecklesAye