HomeMy WebLinkAboutReso 123-22 Authorizing Additional Special Designations of General Fund Reserves for Fiscal Year 2021-22RESOLUTION NO. 123 — 22
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
AUTHORIZING ADDITIONAL SPECIAL DESIGNATIONS OF
GENERAL FUND RESERVES FOR FISCAL YEAR 2021-22
WHEREAS, the City's Fund Balance and Reserves Policy requires special fund balance
allocations to be adopted by the City Council, and allows the City Council to take action prior to
the end of the fiscal year to direct a specific assignment of the fund balance; and
WHEREAS, Staff reviewed updated information regarding fund balance and estimated
one-time revenues during the preparation of the Fiscal Year 2021-22 Budget; and
WHEREAS, the City Council approved allocations to specific Committed Reserves and
Assigned Reserves on June 21, 2022, based on estimated revenues and expenditures at that
time.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does
hereby make additional special allocation of the Fiscal Year 2021-22 year-end balance to the
Committed fund balance as follows:
• Transfer $2,600,000 from reserve for Fallon Sports Park III Contingency to Cultural Arts
Center
BE IT FURTHER RESOLVED that, any net resources remaining after special designations,
and after meeting the Fund Balance and Reserves Policy requirements, will be left in the
Unassigned (Available) Reserve.
PASSED, APPROVED AND ADOPTED this 18th day of October 2022 by the following
vote:
AYES: Councilmembers Hu, Josey, Kumagai, McCorriston and Mayor Hernandez
NOES:
ABSENT:
ABSTAIN:
DocuSigned by:
97C94F7A46A8461
ATTEST:
DocuSigned by:
0(44 ers-_
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City Clerk
Reso. No. 123-22, Item 4.12, Adopted 10/18/2022 Page 1 of 1