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<br />I <br /> <br />88 I <br /> <br />RESOLUTION NO. 1978-27-R <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SAN MARCOS, TEXAS, AUTHORIZING <br />THE CITY MANAGER TO MAKE CERTAIN SPECIFIED <br />FUND AND ACCOUNT CHANGES IN THE 1977-1978 <br />BUDGET. <br /> <br />WHEREAS, the San Marcos City Council accepted the audit for 1976- <br />1977 on January 30, 19781 and <br /> <br />WHEREAS, the City Manager recommended certain fund adjustments to <br />improve the financial position of the CitYl and <br /> <br />WHEREAS, these adjustments are acceptable to the Council and will <br />be duly disclosed by the auditors in the next auditl now, therefore, <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: <br /> <br />Part 1. That the City Manager is directed to make the following <br />fund and account changes: <br /> <br /> A. <br /> B. <br /> " <br />I C. <br /> <br />The Revenue Sharing Funds shall be moved from the <br />General Fund to a separate Revenue Sharing Fund and <br />continuously accounted for out of this separate fund. <br /> <br />The Anti-Recessionary Funds from the Economic Develop- <br />ment Adm~nistration shall be placed in a separate fund <br />and continuously accounted for out of this separate <br />fund. An amount of $44,863 currently in the Genelcal <br />Fund shall be transferred to this Fund. <br /> <br />A separate account shall be established to handle all <br />payments for unemployment compensation, terminal sick <br />leave and terminal vacation leave. The City Manager is <br />hereby authorized to transfer from the General Fund <br />reserve an amount of $40,000 to this account and should <br />continuously budget for the anticipated annual expenses <br />of this Fund. <br /> <br />D. The City Manager shall transfer an amount of $54,796 <br />from the General Fund reserve to the debt service account <br />of the Utility Fund in order to maintain that fund at <br />its required minimum ammount. <br /> <br />Part 2. That this Resolution shall be in effect immediately from <br />and after its pa~sage by this Council. <br /> <br />ADOPTED this 6th day of March, <br /> <br />'~;L~ <br /> <br />Mayor <br /> <br />I~~ <br /> <br />, ~ Doriss Hambrick <br />City Secretary <br /> <br />;;zt/~ <br /> <br />CHarles E. Evans <br />City Attorney <br />