HomeMy WebLinkAboutResolution No. 2022-C46RESOLUTION NO. 2022-C46
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA ADOPTING A REVISED GENERAL FUND RESERVE
POLICY
WHEREAS, the City of Azusa ("City") desires to maintain current and
comprehensive financial policies; and
2015;
WHEREAS, the City adopted a formal General Fund Reserve Policy on April 20,
and
WHEREAS, the City updated the General Fund Reserve Policy on June 18, 2018
to include additional reserve categories approved under resolution 2018-C45; and
WHEREAS, the level of reserves and recommended uses are reviewed each year at
budget adoption; and
WHEREAS, the City revised some of the reserve categories amounts in the
General Fund Reserve Policy with the adoption of the Fiscal Year 2021/22 Budget and
Resolution 2021-C29.
WHEREAS, the City desires to revise the amount of some of the reserve categories
in the General Fund Reserve Policy (Attachment A) with the adoption of the Fiscal Year
2022/23 Budget.
THE CITY COUNCIL OF THE CITY OF AZUSA DOES RESOLVE AS
FOLLOWS:
SECTION 1. Approve and adopt the General Fund Reserve Policy attached hereto
as Attachment A.
SECTION 2. Authorize City staff to take all actions necessary to carry out the Policy.
SECTION 3. The City Clerk shall celiify as to the adoption of this resolution.
PASSED, APPROVED and ADOPTED this 20'' day of June, 2022.
2 j'//ry.P/G
Robert 06nzales
Mayor
ATTEST:
Je ey r Comejo, Jr.
City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 2022-C46 was duly
adopted by the City Council of the City of Azusa at a regular meeting thereof, held on the
20" day of June 2022, by the following vote of the Council:
AYES: COUNCILMEMBERS: GONZALES, AVILA, MENDEZ, BECKWITH
NOES: COUNCILMEMBERS: ALVAREZ
ABSENT: COUNCILMEMBERS:
9.
City Clerk
APPROVED AS TO FORM:
A
Best Bet & Krieger, L P
City Attorney