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, on November 8, 2022, the City Council of the City of Chula Vista adopted an update that increased the City Manager’s allowable transfer amount from $15,000 to $75,000 and other minor language updates to the Financial Reporting and Transfer Authority Policy by Resolution No. 2022-250; and
WHEREAS, staff is recommending additional minor language updates to Section 3 of the Financial Reporting and Transfer Authority Polic y, as follows: “summary accounts” should be replaced with “budget categories,” as reflected in Exhibit 1, attached; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it adopts the updated Council Policy 220-02, “Financial Reporting and Transfer Authority,” attached hereto as Exhibit 1.
Presented by Approved as to form by
Sarah Schoen Jill D.S. Maland
Director of Finance/Treasurer Lounsbery Ferguson Altona & Peak Acting City Attorney