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Resolution 2015 - 17
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Resolution 2015 - 17
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Last modified
8/18/2015 1:54:52 PM
Creation date
8/7/2015 9:30:29 AM
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City Resolutions
Year
2015
Resolution Number
2015 - 17
Description
Directing funds from city's unassigned fund balance to committed fund balance
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RESOLUTION 2015 17 <br /> A RESOLUTION DIRECTING FUNDS FROM THE CITY OF UNIVERSITY CITY'S <br /> UNASSIGNED FUND BALANCE WITHIN THE GENERAL FUND TO <br /> THE COMMITTED FUND BALANCE. <br /> WHEREAS, the City desires to direct certain fund reserves from the unassigned <br /> fund balance to be committed to and applied to the following items as set forth by this Council <br /> and previous City Councils. <br /> • Police Facility $ 7,000,000 <br /> • Costs& Expenses related to $ 461 .000 <br /> flooding in University City <br /> • Costs related to flood buyouts $ 250,000 <br /> (Previously committed.) <br /> • Costs related to flood buyouts $ 39, 000 <br /> • Costs related to upgrading the fire $ 90,000 <br /> escape on the City Hall building <br /> (Previously committed.) <br /> • Reserve set-aside at 17% of total $ 4,735,000 <br /> operating budget <br /> TOTAL COMMITTED RESERVES: $12,575,000 <br /> NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> UNIVERSITY CITYAS FOLLOWS: <br /> That this Resolution shall be in full force and effect from the date of its passage and adoption. <br /> Passed by the City Council of the City of University City, Missouri and signed by the Mayor of <br /> the City of University City this 13th day of July, 2015. <br /> 4110 <br /> i I I <br /> Shelley Wel- „,,,...,.. <br /> Mayor <br /> - ; • <br /> ATI ESL <br /> / • `t '�`'� <br /> oyce -.urnm, ity Clerk <br /> City of University City <br />
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