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HomeMy WebLinkAbout09178RESOLUTION NO. 9178 A RESOLUTION ESTABLISHING RESERVE INCREASES WITH RESPECT TO FISCAL YEAR SPENDING FOR FISCAL YEAR 2000 WHEREAS, Article X, Section 20(2)(e) of the Colorado Constitution defines "Fiscal Year Spending" to include "Reserve Increases," and: WHEREAS, it would be in the best interest of the City to establish by action of the City Council that any and all 2000 Reserve Increases be considered a part of the City's 2000 "Fiscal Year Spending" and that all year end fund balances be considered as a "Reserve." NOW, THEREFORE; BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that: SECTION 1 Any and all 2000 increases to net fund balances shall constitute and be considered "Reserve Increases," and therefore a part of 2000 "Fiscal Year Spending" within the meaning of Article X, Section 20(2)(e) of the Colorado Constitution. SECTION 2 Any and all 2000 year end balances shall constitute and be considered "Reserves" and all subsequent expenditures and transfers from such "Reserves" shall be excluded from "Fiscal Year Spending" within the meaning of Article X, Section 20(2)(e) of the Colorado Constitution. INTRODUCED December 26 2000 BY Al Gurule Councilperson APPROVE : J� President of Council ATTEST: 5 6 ty Clerk