2013/04/09 City Council Resolution 2013-065RESOLUTION NO. 2013 -065
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK
RESCINDING RESOLUTION NO. 2011-114, WHICH AUTHORIZED A SHORT -TERM
INTERFUND LOAN FROM THE TRAFFIC SIGNAL FUND TO THE GENERAL FUND
WHEREAS, the City Council adopted Resolution No. 2011 -114 on November 22, 2011
approving the borrowing from the Traffic Signal Fund to bridge the gap in cash flow that was
anticipated as a result of the State's financial crises and the effect of the "Triple Flip" on the
timing of the sales tax and motor vehicle in -lieu tax payments; and
WHEREAS, California Constitution Article XVI Section 6, authorizes the temporary
transfer of funds for meeting the obligations incurred for maintenance purposes by any local
agency; and
WHEREAS, the City did not need to implement the interfund loan from the Traffic
Safety to close the structural gap in Fiscal Year 2012.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rohnert
Park that it does hereby rescind Resolution No. 2011 -114, which authorized a short-term
interfund loan from the traffic signal fund to the general fund. Resolution No. 2011 -114 is
declared to be null and void and shall be of no further force or effect.
DULY AND REGULARLY ADOPTED this 9th day of April, 2013.
ATTEST: {
J�nne Buergler, City Clerk
CITY OF ROHNERT PARK
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Pam Stafford, Mayor
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