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<br />Resolution 2008 - 2 <br /> <br />Budget Transfers <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 effecting 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 15th day of January, 2008. <br /> <br /> <br />//~ <br />~ <br />c!.-<-. <br /> <br /> <br />t . . .. . .. .. .. . ~. <br /> <br />~' ... \ . <br /> <br />...... <br /> <br />,1,1 " III <br />\, . \' ~"l ' 1 <br />( ~ -- I~I / <br />, \, \ -'-;--j . ! <br />. , - :-' ':._~~,IJ <br /> <br />. . <br /> <br />. .'0,...... <br />