RESOLUTION NO. 22-
Resolution of the City Council of the City of Hercules approving FY 22-23 midyear Budget appropriations and adjustments WHEREAS, the City Council adopted the FY 22-23 Budget on June 28, 2022, representing the financial plan for conducting the affairs of the City of Hercules; and WHEREAS, the following recommended appropriations and adjustments have been evaluated and reviewed by the City Manager and Finance Director. The detailed budget amendment proposal is presented in Attachment 3 in the accompanying staff report; and WHEREAS, staff is requesting approval for FY 22-23 budget appropriations and adjustments as set forth in Attachment 2; and WHEREAS, staff is implementing the following General Fund reserves or designations:
25% to fund pension liabilities.
50% to capital reserve.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Hercules as follows:
The City Council hereby approves FY 22-23 Budget appropriations and adjustments as set forth in Attachment 2.
The City Council hereby makes or confirms the following General Fund reserves or designations:
25% to fund pension liabilities.
50% to capital reserve.
The foregoing Resolution was duly and regularly adopted at a regular meeting of the City Council of the City of Hercules held on the fourteenth day of February 2023, by the following vote of the Council:
AYES:
NOES:
ABSENT:
ABSTAIN:
____________________________
Alexander Walker-Griffin, Mayor
ATTEST:
Eibleis Melendez, Acting City Clerk