HomeMy WebLinkAbout123-94RESOLUTION NO. 123-94
APPROVING FUND TRANSFERS FROM THE GENERAL FUND AND
LIGHTING AND LANDSCAPE FUND INTO THE CIVIC FACILITIES FUND
AND PARK FUND
WHEREAS, the Town has approved Resolution No. 122-94 adjusting Town Fund Balances
to reflect realized and unrealized investment losses which occurred in FY 1993-94; and
WHEREAS, the Civic Facilities Fund and Park Fund are significantly impacted by such
fund balance adjustments, resulting in the need to eliminate or defer capital projects and
services; and
WHEREAS, staff has identified that funding is available within the General Fund and
Lighting and Landscape Fund which could be utilized to partially restore fund balance
reductions made in the Civic Facilities Fund and Park Fund, and has made
recommendations for its possible allocation; and
WHEREAS, the Town Council has considered such recommendations and has
determined that utilizing available fund balances in the General Fund and Lighting and
Landscape Fund is in the best public interest in that such action avoids the need to
eliminate or defer previously programmed capital projects; now, therefore be it
RESOLVED by the Town Council of the Town of Danville hereby approves the following
fund transfers:
$543,123 from the General Fund to the Civic Facilities Fund;
$195,948 from the General Fund to the Park Fund; and
$199,357 from the Lighting and Landscape Fund to the Civic Facilities Fund.
APPROVED by the Danville Town Council at a regular meeting held on October 4, 1994
by the following vote:
AYES: Ritchey,
NOES: None
ABSTAINED: None
ABSENT: Doyle
Greenberg, Shimansky, Waldo
MAYOR
APPROVED AS TO FORM:
ATTEST:
CITY CLERK