HomeMy Public PortalAbout86-073 (06-30-86)RESOLUTION N0. 86-73
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, 1986.
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)
i
to process temporary loans of General Fund cash to all funds with
deficit cash balances at fiscal year end (June 30, 1.986).
PASSED, APPROVED AND
OF June 1986.
ATTEST:
APPROVED AS TO FORM:
APPROVED AS TO CONTENT:
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
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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 30th day
of ~--~-, 1986.
AYES: COUNCILPERSON BYORK, MORRIS, TROP^.PSON, (JELLS, HEPJNING
NOES: NOPJE
ABSENT: NONE
City Clerk, City of Lyn ~~~~