Form Rev 3/6/2023
RESOLUTION NO. __________
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA TRANSFERRING UNCLAIMED MONIES
FROM THE DEPOSITS FUND TO THE GENERAL FUND
WHEREAS, the City of Chula Vista (“City”) currently holds monies in the Deposits Fund, consisting of uncashed accounts payable checks that have remained unclaimed for three years or more; and
WHEREAS, pursuant to California Government Code section 50050 et seq., money in the custody of a local agency that is not the property of the agency and remains unclaimed for a period of three years may become property of the agency after publication of notice and expiration of the required claim period; and
WHEREAS, in accordance with Government Code sections 50050 and 50051 , the City published notice of the unclaimed monies in the Star News on April 18, 2025, and April 25, 2025, stating that if no valid claim was made by June 2, 2025, certain funds would become property of the City; and
WHEREAS, as of June 2, 2025, unclaimed monies in the amount of $172,964.08 are now eligible for transfer to the General Fund, pursuant to Government Code section 50053; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista, that it approves the transfer of unclaimed monies in the amount of $172,964.08 from the Deposits Fund to the General Fund.
Presented by: Approved as to form by:
Sarah Schoen Marco A. Verdugo
Director of Finance/Treasurer City Attorney