Title
Resolution approving interim funding for the first 90 days of Fiscal Year 2017-18 for the South San Francisco Conference Center Authority.
body
WHEREAS, estimates of revenues from all sources and estimates of expenditures required for the proper conduct of activities of the South San Francisco Conference Center Authority ("Conference Center") for Fiscal Year 2017-18 are being prepared; and
WHEREAS, fiscal conditions may require additional time for development of budget priorities; and
WHEREAS, it is the intention of the City Council to grant interim spending authority to allow for the continued orderly operation of the South San Francisco Conference Center Authority for a period of ninety (90) days from July 1, 2017.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of South San Francisco that:
1. Interim spending authority is hereby granted for a period of ninety (90) days from July 1, 2017, through September 28, 2017, to allow for the continuation of operations and projects of the Conference Center.
2. All amounts necessary for the continued operation of the Conference Center for the ninety (90) day period set forth in Paragraph 1 are hereby appropriated for expenditure. Such appropriation shall be based upon the Fiscal Year 2016-17 Operating Budget in a ratio of 365 to 90.
3. All annual contracts, leases and obligations previously entered into and agreed to by the Conference Center may be renewed. The funds necessary to finance such renewals are hereby appropriated.
4. The distribution of the appropriations, transfers and reserves to the various accounts of the Conference Center in accordance with generally accepted accounting practices and consistent with the approved budget is hereby authorized.
5. The rollover of any outstanding encumbrances from Fiscal Year 2016-17 into Fiscal Year 2017-18 is hereby authorized.
6. The rollover of any unencumbered appropriations from Fiscal Year 2016-17 into uncompleted capital improvement pro...
Click here for full text