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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />RESOLUTION NO. R-72-10 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON <br />AMENDING THE BUDGET FOR FISCAL YEAR COMMENCING JULY 1, 2010 AND <br />ENDING JUNE 30, 2011 <br />WHEREAS, on September 16, 2008, the Colton City Council approved an Electric <br />Utility Solar Rebate Program in compliance with SBI, establishing a goal to have 4 megawatts <br />of installed solar systems in the City by December 31, 2016; and <br />WHEREAS, The Colton Public Benefits fund has accrued funds in excess of <br />expenses; and <br />WHEREAS; the budget for the City of Colton for the fiscal year commencing July 1, <br />2010 and ending June 30, 2011, was approved and adopted; and <br />WHEREAS, the reallocation of appropriations between departmental activities may be <br />made by the City Manager; and amendments (increases/decreases) to the budget shall be by <br />approval and resolution of the City Council; and <br />WHEREAS, the funding has been identified for the allocation of additional funds for <br />the Public Benefits -Commercial Programs Budget for Fiscal Year 2010-2011. <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COLTON DOES <br />HEREBY RESOLVE AS FOLLOWS: <br />The Public Benefits -Commercial Budget of the Electric Department for Fiscal year <br />2010-2011 is hereby amended. Expenditure Account 526-8000-8037-2350-0923-000 will be <br />increased in the amount of $1,000,000.00 and the Public Benefit Cash Account 526-1000-000 <br />will be decreased in the amount of $1,000,000.00. <br />PASSED, APPROVED AND ADOPTED this 16th day of November 2010. <br />ATTEST: <br />EILEEN C. GOMEZ, CMC <br />City Clerk <br />n <br />KELLYIJ. CVHASTAIN, Mayor <br />9 <br />