Regular City Council Meeting
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Item No. 12.
Resolution 20-05 - Consider approval of Resolution 20-05 creating a new Special Revenue Fund for Intergovernmental Grants (2180).
Initiated by: MONICA P GARCIA
DFA, Department of Finance, requires the General Fund and Special Revenue Funds be separate. Special Revenue Funds contain financial resources that are restricted by law or contractual agreement to specific purposes other than debt service or major capital projects.
Fund 2180 (new fund)
The resolution has been submitted to Legal for review.
BOARD AND COMMITTEE ACTION:
The Finance Committee recommended (3-0) approval at their meeting on January 2, 2020.
Consider approval of Resolution 20-05 creating a new Special Revenue Fund for Intergovernmental Grants (2180).
ATT 1 Resolution 20-05
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