2022/01/25 City Council Resolution 2022-017 RESOLUTION NO. 2022-017
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK TO
ACCEPT THE ANNUAL COMPREHENSIVE FINANCIAL REPORT FOR FISCAL
YEAR 2021-22 AND AUTHORIZE APPROPRIATION OF CERTAIN ASSIGNED
RESERVES
WHEREAS; the City Council of the City of Rohnert Park adopted the FY 2021-22
Budget on June 8, 2021;
WHEREAS; the staff is providing the audited financial statements and related
disclosures as part of its FY 2021-22 Annual Comprehensive Financial Report, submitted to
Government Finance Officers Association on December 16, 2021;
WHEREAS, the City Council has the authority to amend the budget and authorize
appropriations regarding reserves and various internal service funds; and
WHEREAS, the City Council concurs with the assignments to transfer the funds from
the General Fund Assigned Infrastructure Reserve to the Infrastructure Replacement Fund in
amount of$3,584,000 and make a payment of$3,584,000 from the City's Retirement Reserve to
pay the City's CalPERS pension liability in accordance with assigned purposes; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Rohnert
Park that it does hereby accepts the FY 2021-22 Annual Comprehensive Financial Report,
approves an authorization to increase appropriations for FY 2021-22 to transfer funds from the
General Fund Infrastructure Reserve to the Infrastructure Replacement Fund in amount of
$3,584,000 and make a payment of$3,584,000 from the City's Retirement. Reserve towards the
City's CalPERS pension liability, and authorizes the City Manager or designee to take such
actions as may be necessary to effectuate such appropriations.
DULY AND REGULARLY ADOPTED this 25th day of January 2022.
CITY OF ROHNERT PARK
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ATTEST:
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Sylvia Lopez Cue , City Clerk - :-
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