Legislation Details

File #: 24-13427    Version: 1 Name:
Type: Action Calendar Status: Agenda Ready
File created: 10/3/2024 In control: City Council
On agenda: 10/15/2024 Final action:
Title: Subject: Unassign funds from the Committed Sales Tax Repayment Reserve
Sponsors: Kirsten Squarcia
Attachments: 1. Staff Report, 2. A - Redline Policy, 3. B - Clean Policy

Title

Subject:   Unassign funds from the Committed Sales Tax Repayment Reserve

 

Recommended Action

Approve an amendment to the City’s Committed, Unassigned Fund Balance, and Use of One Time Funds Policy to uncommit $74.5 million dollars from the Sales Tax Repayment Reserve, resulting in those funds becoming unassigned fund balance

Presenter: Kristina Alfaro, Director of Administrative Services