Title
Report regarding a resolution approving interim funding for the first 90 days of Fiscal Year 2019-20 for the South San Francisco Conference Center Authority. (Dean Grubl, Executive Director, South San Francisco Conference Center)
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RECOMMENDATION
Recommendation
It is recommended that the City Council of the City of South San Francisco adopt a resolution authorizing interim spending authority for the first 90 days of Fiscal Year (FY) 2019-20 for the South San Francisco Conference Center Authority.
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BACKGROUND/DISCUSSION
To enable the continued operation of the South San Francisco Conference Center Authority (“Conference Center”) while the FY 2019-20 budget is finalized, it is recommended that the City Council adopt a resolution authorizing interim spending authority for FY 2019-20 for 90 days through September 26, 2019. The interim funding appropriation is one fourth of the approved FY 2018-19 budget. This interim authority will only be necessary if the Conference Center and City Council do not approve the Conference Center’s FY 2019-20 budget prior to June 30, 2019. The Conference Center met on June 3, 2019 to consider the FY 2019-20 budget.
CONCLUSION
Interim funding ensures continued operation of the South San Francisco Conference Center Authority in a fiscally sound manner.