HomeMy WebLinkAboutReso 59-25 Authorizing a Special Designation of General Fund Committed Reserves for Fiscal
Reso. No. 59-25, Item 5.17, Adopted 06/17/2025 Page 1 of 1
RESOLUTION NO. 59 – 25
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
AUTHORIZING A SPECIAL DESIGNATION OF GENERAL FUND COMMITTED RESERVES FOR
FISCAL YEAR 2024-25
WHEREAS, the City's Fund Balance and Reserves Policy requires special fund balance
allocations to be adopted by the City Council, and allows the City Council to take action prior to the
end of the fiscal year to direct a specific assignment of the fund balance; and
WHEREAS, Staff reviewed updated information regarding fund balance and estimated one -
time revenues during the preparation of the Fiscal Year 2025-26 Budget.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby
make a special allocation of the estimated Fiscal Year 2024-25 year-end balance to the Committed
fund balance as follows:
• Increase the reserve for Lease Revenue Bond Payoff by $1,000,000
BE IT FURTHER RESOLVED that, any net resources remaining after special designations, and
after meeting the Fund Balance and Reserves Policy requirements, will be left in the Unassigned
(Available) Reserve.
PASSED, APPROVED AND ADOPTED this 17th day of June 2025, by the following vote:
AYES: Councilmembers Josey, McCorriston, Qaadri and Mayor Hu
NOES: Councilmember Morada
ABSENT:
ABSTAIN:
______________________________
Mayor
ATTEST:
_________________________________
City Clerk
Docusign Envelope ID: 9FE34CCB-3A9F-4EAB-A1C4-3DF71D060DD1