HomeMy Public PortalAbout88-102 (06-29-88)RESOLUTION N0. 88-102
1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LYNGAOD APPROVING THE
TEMPORARY LOAN OF GENERAL FUND, RETIRII~IQVT FUND, AND SELF-INSURANCE
FUND CASH Ta ALL FUNDS WITH DEFICIT CASH BALANCES FOR FISCAL YEAR
ENDING JUNE 30, 1988
WHEREAS, it is anticipated that there will be several fiords
with deficit cash balances at the end of the fiscal year; and
WHEREAS, it is fiscally prudent to eliminate these deficit
cash balances prior to closing, the fiscal year.
NOW, THEREFOP.E, the City Council of the City of Lynwood
does hereby find, proclaim, order and resolve as follows:
Section 1. That the Director of Accounting is authorized to
process temporary oans of General Fund, Retirement Fund, and Self-
Insurance Fund cash to all funds with deficit cash balances at fiscal
year end(June 30, 1988).
PASSID, APPROVID AND ADOPTID this 2 9th day of
June 1988.
ATTEST:
i
ANDREA L. H00 ,` City C er
APPROVID AS TO FORM:
--_~~
H. RICHARDS II, Mayor
APPROVID AS TO CONTENT:
~ ~1~.
. EARNS T
Actuig Director of Accounting
City of Lynwood
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 special
meeting held on the 29th day of June 1988_
AYES: COUNCILMEMBER HEINE, HENNING, MORRIS, WELLS, RICHARDS
NOES: NONE
ABSENT: NONE
ity er ity o Lynw
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. 88-102 on file in my office and that said
resolution was adopted on the date and by the. vote therein stated.
Dated .this 12th day of July 1988.
l///
amity er