COUNCIL RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA ADOPTING REVISED FINANCIAL
REPORTING AND TRANSFER AUTHORITY POLICY
WHEREAS, on January 23, 1996, the City Council of the City of Chula Vista adopted the Financial Reporting and Transfer Authority Policy by Resolution No. 18191; and
WHEREAS, the City Manager’s authority to transfer appropriations up to and including $15,000 between summary accounts within the same department provides administrative authority to quickly approve transfers; and
WHEREAS, since 1996, the allowable transfer amount has remained the same; and
WHEREAS, staff is recommending an increase to the City Manager’s allowable transfer amount of $75,000 to the Financial Reporting and Transfer Authority Policy; and
WHEREAS, staff is recommending additional minor language updates;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it adopts the updated Fiscal Policy 220-02 in substantially the form presented, with such minor modifications as may be required or approved by the City Attorney.
Presented by Approved as to form by
Sarah Schoen Glen R. Googins
Director of Finance/Treasurer City Attorney