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HomeMy Public PortalAbout91-093 (07-16-91)RESOLUTION NO. 91 -93 J 1 APPROVED AS TO CONTENT CITY MANAGER A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNWOOD ADOPTING THE ANNUAL OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE FISCAL YEAR 1991/92 WHEREAS, the City Manager has submitted a proposed Annual Operating and Capital Improvement Budget for the Fiscal Year 1991/92; and WHEREAS, the City Council has studied the proposed budget; and WHEREAS, the City Council held a public hearing on July 2, 1991 to allow for public comment prior to adoption; NOW THEREFORE, the City Council of the City of Lynwood does hereby find, proclaim, order and resolve as follows. Section 1. The Annual Operating and Capital Improvement Budget for the Fiscal Year 1991/92 is hereby approved. Section 2. During the upcoming fiscal year, the City Manager or his designee is hereby authorized to approve any transfer between accounts, provided that: 1. They are within the same general group of accounts (Personnel, Operations or Capital Outlay); 2. They are being transferred to cover expenses of temporary personnel due to vacant positions; 3. They are within the same fund; 4. They do not exceed $10,000.00 per transfer. Section 3. In order to balance the FY 1991/92 Budget, numerous line item reductions were necessary. In order to mitigate the effects of these reductions and allow Departments to prioritize the use of the funds provided, the City Manager is authorized to approve a one -time only transfer of funds between groups of accounts and in excess of $10,000. Section 4 This resolution shall go into effect immediately upon its adoption. PASSED, APPROVED AND ADOPTED this 1991. 16th day of —Ju CITY CLERK ti DIRECTOR OF FINANCE 0 c budge91 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 16th day of July, 1991, and passed by the following vote: AYES: COUNCILMEMBERS HEINE, REA, RICHARDS, WELLS, HENNING NOES: NONE ABSENT: NONE O� City Clerk, City of Lynwood STATE OF CALIFORNIA ss. COUNTY OF LOS ANGELES ) 0 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. 91 -93 on file in my office and that said resolution was adopted on the date and by the vote therein stated. Dated this 18th day of July, 1991.