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Resolution - 9112• • RESOLUTION NO. 9112 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA AUTHORIZING THE TRANSFER OF BEGINNING CASH BALANCE WITHIN THE GENERAL FUND TO THE CONTINGENCY FUND WHEREAS, the City Council of the City of West Covina ("City") proposes to transfer certain funds currently on deposit within its General Fund; and WHEREAS, the City desires to restrict the use of such funds so that disbursements from such account will not be considered appropriations subject to limitations pursuant to Article XIIIB of the State Constitution; NOW, THEREFORE, the City does hereby find, determine, declare and resolve as follows: Section 1. The City hereby authorizes the transfer of the total beginning cash balance within the General Fund to the Contingency Fund effective July 1, 1994. Section 2. Amounts transferred to the Contingency Fund may not be withdrawn unless the City Council specifically approves such release to pay identified expenditures. Section 3. This resolution shall take effect immediately upon its adoption by the City. THE FOREGOING RESOLUTION was approved and adopted by the City Council of the City of West Covina this 5th day of July, 1994, by the following vote: By: OXYO T E CIT OF WEST COVI ATTEST: CITY CLERKOR THE CI . OF WEST COVINA PS2\146\014125-0043\2101888.1 06/28/94 is • STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES )ss CITY OF WEST COVINA ) I, JANET BERRY, City Clerk of the City of West Covina, do hereby certify that the foregoing Resolution No. 9112 was introduced and adopted at a regular meeting provided by law, of the West Covina City Council held on the 5th day of July, 1994, by the following vote of the members thereof: AYES: COUNCIL MEMBERS Touhey, Wong, Herfert, McFadden NOES: COUNCIL MEMBERS None ABSENT: COUNCIL MEMBERS Manners IN WITNESS WHEREOF, I the official seal of the July , 1994. (SEAL) have hereunto set my hand and affixed City of West Covina this 5th day of CITY CLERK OF THE CITY O WEST COVINA I, JANET BERRY, City Clerk of hereby certify that the foregoing is 9112 duly passed and adopted by the West Covina on July 5, 1994. L�i� CITY CLERK OF THE C Y OF WEST COVINA the City of West Covina, do the original Resolution No. City Council of the City of FS2\146\014125-0013\2101888.1 06/28/94 -2-