HomeMy Public PortalAbout85-088 (06-28-85)RESOLUTION NO. 85-88
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LYNWOOD APPROVING THE TEMPORARY
LOAN OF GENERAL FUND CASH TO ALL FUNDS
WITH DEFICIT CASH BALANCES FOR FISCAL
YEAR ENDING JUNE 30, 1985.
WHEREAS, It is anticipated that there will be several
funds 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, THEREFORE, the City Council of the City of
Lynwood hereby finds, determines and resolves as follows:
Section 1. That the Accounting Manager is
authorized to process temporary loans of General Fund cash
to all funds with deficit cash balances at fiscal year end
(June 30, 1985).
OF
ATTEST:
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Jo D. Byork, Mayor
Andrea L. Hooper, City Clerk
APPROVED AS TO FORM:
APPROVED AS TO CONTENT:
City Attorney Barbara Fikel, Accounting Manager
PASSED, APPROVED AND ADOPTED THIS 28th DAY
June ,1985.
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 an adjourned
regular meeting held on the 28th day of June 1985.
AYES: COUNCILMEN HENNING, MORRIS, ROWE, THOMPSON, BYORK
NOES: NONE
ASSENT: NONE
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City Clerk, City of Lynwood .1
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