HomeMy WebLinkAboutR-11117 giving authority to the City Manager to use FY 2018-19 Unassigned Fund Balance above required reserve levelsR 11117
RESOLUTION NO. 11117 (2020 SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS
OBISPO, CALIFORNIA, GIVING AUTHORITY TO THE CITY
MANAGER TO USE FY 2018-19 UNASSIGNED FUND BALANCE ABOVE
REQUIRED RESERVE LEVELS
WHEREAS, the City presently has FY 2018-19 unassigned fund balance in the amount of
$6,185,574; and
WHEREAS, since the publication of the Council's March 17, 2020 agenda report, the State
of California, the County of San Luis Obispo, and the City of San Luis Obispo have declared a
state of emergency in response to the spread of the virus known as COVID-19; and
WHEREAS, emergency measures are anticipated to be needed at a yet to be determined
level in order to respond to COVID-19 to assure the health and safety of the community, staff and
the City; and
WHEREAS, the short-and long-term effects of the emergency on the current budget and
long-term fiscal outlook cannot yet be determined.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of San Luis Obispo
as follows/or that (whatever action is needed):
SECTION 1. The City Manager is hereby authorized to utilize $6,185,574 in unassigned
FY2018-19 fund balance for the following purposes:
A. Any and all emergency measures required to assure public health and safety in
response to the COVID-19 health emergency.
B. To address and mitigate the long-term fiscal ramifications due to the COVID-19
health emergency.
C. Make additional one-time payments to CalPERS as determined responsible given
the City's long-term fiscal outlook when it is better known.
Resolution No. 11117 (2020 Series) Page 2
R 11117
D. Allocate budget to FY 2019-20 and FY 2020-21 as outlined in the staff report from
March 17, 2020, if the funding is not otherwise required to respond to the COVID-
19 health emergency or to preserve the long-term fiscal health of the City.
Upon motion of Council Member Pease, seconded by Vice Mayor Gomez, and on the
following roll call vote:
AYES: Council Member Christianson, Pease, Stewart, Vice Mayor Gomez and
Mayor Harmon
NOES: None
ABSENT: None
The foregoing resolution was adopted this 17th day of March 2020.
____________________________________
Mayor Heidi Harmon
ATTEST:
____________________________________
Teresa Purrington
City Clerk
APPROVED AS TO FORM:
_____________________________________
J. Christine Dietrick
City Attorney
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City
of San Luis Obispo, California, on ______________________.
____________________________________
Teresa Purrington
City Clerk