Ord 1978-027 - Laserfiche WebLink

Home Browse Search

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