HomeMy WebLinkAboutResolution No. 2024-C35RESOLUTION NO. 2024-C35
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
AZUSAADOPTING A REVISED GENERAL FUND RESERVE
POLICY
WHEREAS, the 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 reaffirm the General Fund Reserve Policy
(Attachment A) adopted on June 19, 2023 with the adoption of the Fiscal Year 2024/25
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 certify as to the adoption of this resolution.
PASSED, APPROVED and ADOPTED this 17" day of June, 2024.
Roberft oonz_ales
Mayor
ATTEST:
Je y r Cornejo, Jr.
Pity erk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 2024-C35 was duly adopted
by the City Council of the City of Azusa at a regular meeting thereof, held on the 17' day of
June 2024, by the following vote of the Council:
YES: COUNCILMEMBERS: GONZALES, ALVAREZ, AVILA, MENDEZ, BECKWITH
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
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APPROVED AS TO FORM:
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Best, st & Krieger, kLP
City Attorney