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HomeMy WebLinkAbout09713RESOLUTION NO. 9713 A RESOLUTION ESTABLISHING A GENERAL FUND OPERATING RESERVE OF 8.33% OF THE ANNUAL GENERAL FUND REVENUES BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1. It is the desire of the City Council to maintain a general fund operating reserve in an amount equal to 8.33% of the annual general fund revenues and to have such reserves designated by December 31, 2002. SECTION 2 The general fund operating reserve shall be designated and identified in the City of Pueblo's annual budget. SECTION 3 The general fund operating reserve shall be in addition to the emergency reserves required under TABOR and other reserves required by Generally Accepted Accounting Principles or those established by City Council. INTRODUCED November 11, 2002 BY Al Gurule Councilperson APPROVED: resident of City Council ATTEST: City C