HomeMy WebLinkAbout11-05 RESOLUTION NO. 11-05
A RESOLUTION of the City Council of the City of Port Angeles,
Washington, designating a portion of the General Fund balance for
certain capital projects.
WHEREAS, the City Council has set goals and objectives; and
WHEREAS, those goals and objectives include major capital projects; and
WHEREAS, it is in the community's interest to improve and enhance the City's
infrastructure; and
WHEREAS, the City's annual operating budget ordinance includes a financial
management policy designating year-end surpluses to be dedicated to the Capital Facilities Plan.
NOW, THEREFORE,
BE IT RESOLVED by the City Council of the City of Port Angeles that $3,747,000, of
the current General Fund balance, which includes $1,487,000 from budgetary transfers, and
$2,260,000 from grants, insurance reimbursements, reallocation and repriortization of the capital
improvement funds, is hereby designated for funding capital projects identified in the list of capital
projects attached hereto as Exhibit "A:
PASSED by the City Council of the ¢'tty'o( Port Angeles at~,~re~kar meeking of said
Council held on the 5th day of July, 2005. ~~'. ~ '~1~/~_, ..
Richard A.~Ieadrick, Mayor
ATTEST: APPROVED AS TO FORM;~
B~cky J. 'U~n, C~y Cl~rkI- William E. Bloor, City Attorney
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