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<br /> <br /> <br /> <br /> <br /> <br /> Resolution 2010 - 3 Budget Transfers <br /> <br /> <br /> <br /> WHEREAS by the City Council of University City, Missouri, that the City Council <br /> has determined the City Manager should hold a certain level of budget transfer authority <br /> for efficient City operations. <br /> <br /> NOW THEREFORE BE IT RESOLVED, that the City Council approves the <br /> delegation to the City Manager of budget transfer authority, subject to the following: <br /> 1. Transfer authority pertains only to intra departmental transfers; <br /> 2. Each such transfer shall be no more than $25,000 per individual line item <br /> classification; <br /> 3. The following transfers are specifically not authorized: transfers between <br /> departments or funds, transfers affecting a policy change, transfers <br /> increasing or decreasing the total fiscal year budgeted expenditures or <br /> revenues, and/or transfers using contingency funds; <br /> 4. Transfers executed per this Resolution shall be recorded and documented <br /> in the usual course; <br /> 5. Council shall quarterly receive a report of transfers executed per this <br /> Resolution; <br /> 6. This Resolution shall be effective for one year from the date of its <br /> adoption, and shall be reviewed by Council within thirty days prior to the <br /> one year expiration date for determination of whether to renew, modify, or <br /> allow to expire. <br /> <br /> Adopted this 22nd day of February, 2010. <br /> <br /> <br /> <br /> <br /> ose d 9iii s, Mayor <br /> <br /> <br /> <br /> <br /> <br /> J ce Pu m, City Clerk <br />