HomeMy Public PortalAbout90-021 (02-20-90)RESOLUTION NO. 90 -21
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD
APPROVING THE TEMPORARY LOAN OF GENERAL FUND,
RETIREMENT FUND, AND SELF - INSURANCE FUND CASH TO ALL
FUNDS WITH DEFICIT CASH BALANCES FOR FISCAL YEAR ENDING
APPROVED AS TO FORM:
JUNE 30, 1989
WHEREAS, there are several funds with deficit cash
balances at Fiscal Year Ending June 30, 1989; and
WHEREAS, it is fiscally prudent to eliminate these
deficit cash balances prior to closing the Accounting records
for Fiscal Year 1988 -89.
NOW, THEREFORE, the City Council of the City of
Lynwood does hereby find, proclaim, order and resolve as
follows:
Section 1. That the Director of Finance is authorized
to process temporary loans of General Fund, Retirement Fund, and
Self- Insurance Fund cash to all funds with deficit cash
balances at fiscal year ending June 30, 1989.
PASSED, APPROVED -AND ADOPTED this 20th day
of February 1990.
MAYOR, CITY OF LYN OOD
'ATTEST:
ANDREA L. HOOPER, CITY CLERK
City of Lynwood
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Cit ey
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APPROVED AS TO CONTENT:
Interim Director of
Finance
STATE OF CALIFORNIA )
ss.
COUNTY OF LOS ANGELES )
I, the undersigned, City Clerk of the City of Lynwood,
do hereby certify that the foregoing resolution was passed and
adopted by the City Council of the City of Lynwood at a regular
meeting held on the 20th day of February, 1990.
AYES: COUNCILMEMBERS HEINE, REA, WEI:LS,.RICHARDS
NOES: NONE
ABSENT: COUNCILMEMBER HENNING
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City Clerk, City of Ly wood
STATE OF CALIFORNIA )
ss.
COUNTY'OF LOS ANGELES )
I, the undersigned City Clerk of the City of Lynwood,
and Clerk of the City Council of said City, do hereby certify
that the above and foregoing is a full, true and correct copy of
Resolution No. 90 -21 on file in my office and that said resolution
was adopted on the date and by the vote therein stated.
Dated this 23rd day of February, 1990.
City Clerk
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