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RES 2013-015 CITY COUNCIL OF SOUTH LAKE TAHOE RESOLUTION NO. 201l-15 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTH LAKE TAHOE AMENDING THE ADOPTED 2012/2013 FISCAL YEAR BUDGET APPROPRIATING $640,000 FROM UNASSIGNED EXCESS RESERVES TO THE HARRISON AVENUE CAPITAL IMPROVEMENT PROJECT ACCOUNT WHEREAS, the South Lake Tahoe City Council has received the Fiscal Year 11/12 unaudited Financial Status report as of September 2012; and WHEREAS, the City Council has determined that the Fiscal Year 2011/2012 may result in a net positive cash flow of over $640,000; and WHEREAS, the South Lake Tahoe City Council has previously approved and assigned a high priority to the Harrison Avenue Project for the many benefits it will bring to the community; and WHEREAS, the FY 2012/2013 budget did not anticipate these funds being available for the Harrison Avenue Project and thus, the FY 12/13 budget requires appropriation from General Fund Unassigned Excess Reserves. NOW, THEREFORE BE IT RESOLVED, the City Council for the City of South Lake Tahoe hereby authorizes the appropriation of $640,000 from available General Fund unassigned excess reserves resulting from an anticipated net positive cash flow at the conclusion of FY 2011/2012 and amends the FY 2012/2013 budget as follows: Appropriate $640,000 from unassigned excess reserves into 301-50003-36300 (Harrison Avenue Capjtallmprovement Project) PASSED AND ADOPTED by the City Council of the City of South Lake Tahoe on February 19, 2013, by the following vote: AYES: NOES: ABSENT: ABSTAIN: Councilmember(s) Councilmember( s) Councilmember(s) Councilmember(s) DAVIS, COLE, CONNER, LAI:t\1E & SWANSON ---....... '\ ---..--. - \ I j-. ,,' ( .0 To~m~JrKya~or1~~(~ I~ll : I \-P~\ (;:...( ..... \:-;.\\ 1-- I : i r'rl JU \, , '-0..1, I ~ ,\ ,.., l : l liilll .' .' . , J ", I.. ( 'I t"l-l! 'Jr '..... \ , I... 1 .:' l , '!:, \. I " /' . "/! ." -;'. ", ('\ - ',; . ,.~ ~;.t: ::'".;;..:;;, '-.......:";::_'- l ~- (/ -~:~/....~..... ..........~.~~~--- ..),'J 13 --- ----- ---