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HomeMy WebLinkAbout09471RESOLUTION NO.. 9471
A RESOLUTION ESTABLISHING RESERVE INCREASES WITH RESPECT
TO FISCAL YEAR SPENDING FOR FISCAL YEAR 2001
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 2001 Reserve Increases be considered a part of the City's 2001 "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 2001 increases to net fund balances shall constitute and be considered
"Reserve Increases," and therefore a part of 2001 "Fiscal Year Spending" within the meaning of
Article X, Section 20(2)(e) of the Colorado Constitution.
SECTION 2.
Any and all 2001 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, 2001
ATTEST:
City Clerk
By Rich Gol enda