HomeMy WebLinkAboutResolution No. 2023-C31RESOLUTION NO. 2023-C31
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSA ADOPTING A REVISED GENERAL FUND RESERVE
POLICY
WHEREAS, ihe City of Azusa ("City") desires to maintain current and
comprehensivefinancial policies; and
WHEREAS, the City adopted a formal General Fund Reserve Policy on April 20,
2015; and
WHEREAS, the level of reserves and recommended uses are reviewed each year at
budget adoption; and
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
2023/24 and 2024/25 Biennial Budget.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Azusa does
hereby take the following actions:
SECTION 1. Approve and adopt the General Fund Reserve Policy attached hereto
as Attachment A.
SECTION 2. Authorize City staff to lake all actions necessary to carry out the Policy.
SECTION 3. The City Clerk shall certify as to the adoption of this resolution.
PASSED, APPROVED and ADOPTED this 19^'^ day of June, 2023.
Robert
Mayor
ATTEST:
Cornejo, Jr.X .A
)STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF AZUSA
) ss.
)
T HEREBY CERTIFY that the foregoing Resolution No. 2023-C31 was duly adopted
by the City Council of the City of Azusa at a regular meeting held on the 19th day of June, 2023,
by the following vote of the Council;
COUNCILMEMBERS: GONZALES, BECKWITH, ALVAREZ, AVILA, MENDEZ
COUNCILMEMBERS: NONE
AYES:
NOES:
ABSENT: COUNCILMEMBERS: NONE
APPROVED AS TO FORM:
^ \Best, ^st & KriegerjkLLP '
City Attorney