HomeMy WebLinkAboutReso 38-26 Special Designation of General Fund Reserves for Fiscal Year 2025-26
Reso. No. 38-26, Item 8.1, Adopted 05/19/2026 Page 1 of 1
RESOLUTION NO. 38 – 26
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
AUTHORIZING A SPECIAL DESIGNATION OF GENERAL FUND COMMITTED RESERVES
FOR FISCAL YEAR 2025-26
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 2026-27 and 2027-28 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 2025-26 year-end balance to the Committed fund balance
as follows:
• Increase the reserve for Village Parkway Pavement Reconstruction by $5,000,000.
BE IT FURTHER RESOLVED that any net resources remaining after special designations, and
aftermeeting the Fund Balance and Reserves Policy requirements, will be left in the Unassigned (Available)
Reserve.
PASSED, APPROVED AND ADOPTED BY the City Council of the City of Dublin, on this 19th day of
May, 2026 by the following vote:
AYES: Councilmembers Josey, McCorriston, Qaadri and Mayor Hu
NOES:
ABSENT: Councilmember Morada
ABSTAIN:
______________________________
Mayor
ATTEST:
_________________________________
City Clerk
Docusign Envelope ID: 8822BB49-D556-8B85-80C9-3123DD6D9842