HomeMy WebLinkAboutReso 82-21 Authorizing a Special Designation of General Fund Reserves for Fiscal Year 2020-21Reso. No. 82-21, Item 4.12, Adopted 06/15/2021 Page 1 of 1
RESOLUTION NO. 82 - 21
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
AUTHORIZING A SPECIAL DESIGNATION OF GENERAL FUND RESERVES FOR
FISCAL YEAR 2020-21
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 2021-22 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 2020-21 year-end balance to the
Committed fund balance as follows:
• Increase the reserve for Advance to Public Facilities Fee by $2,500,000
• Increase the reserve for Downtown Public Improvement by $1,545,375
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 15th day of June 2021 by the following vote:
AYES: Councilmembers Hu, Josey, Kumagai, McCorriston and Mayor Hernandez
NOES:
ABSENT:
ABSTAIN:
_______________ ____
Mayor
ATTEST:
__________ _______
City Clerk