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HomeMy WebLinkAbout06-206A - Resolutions I RESOLUTION NO. 06-206A A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, AMENDING RESOLUTION 06-206 A. RECITALS. WHEREAS, the City Council adopted Resolution 06-206 at a public hearing held on June 22, 2006 which approved the City's budget; WHEREAS, included in the adopted Resolution is Section 2 which specifies parameters for transfers of funds between and/or within appropriations as well Section 3 which defines the terminology of transfers between funds; WHEREAS, the City has not updated the amount regarding transfers of funds between and/or within appropriations since 1998 and chooses to update those amounts now; B. RESOLUTION. NOW, THEREFORE, the City Council of the City of Rancho Cucamonga, California does hereby find, determine and resolve as follows: -- 1. Section 2 shall be amended to read as follows: SECTION 2: TRANSFERS OF FUNDS BETWEEN AND / OR WITHIN APPROPRIATIONS. The City Council of the City of Rancho Cucamonga may transfer appropriations between funds or divisions set forth in the budget. The City Manager may transfer appropriations between divisions within any fund as set forth in the budget and may transfer appropriations between objects within any division in the same fund up to and including $100,000. The Finance Director may transfer appropriations between divisions within any fund as set forth in the budget and may transfer appropriations between objects within any division in the same fund up to and including $50,000. 2. Section 3 shall be amended to read as follows: SECTION 3: TRANSFERS OF FUNDS BETWEEN FUNDS. Transfers of funds between funds as shown throughout the "transfer out' sections of the budget shall be made as expenditures warrant such transfers. 3. All other provisions stated in Resolution 06-206 shall remain the same. Please see the following page for formal adoption,certification and signatures Resolution No. 06-206A Page 2 of 2 PASSED, APPROVED, AND ADOPTED this 15'" day of November 2006. AYES: Alexander, Gutierrez, Michael, Spagnolo, Williams NOES: None ABSENT: None ABSTAINED: None GG! William J. lexander, Mayor ATTEST: k7berra J. a , CMC, City Clerk I, DEBRA J. ADAMS, CITY CLERK of the City of Rancho Cucamonga, California, do hereby certify that the foregoing Resolution was duly passed, approved and adopted by the City Council of the City of Rancho Cucamonga, California, at a Regular Meeting of said City Council held on the 15`" day of November 2006. Executed this 161" day of November 2006, at Rancho Cucamonga, California. Debra J. Ad , CMC, City Clerk