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Resolution approving interim spending authority for the first 90 days of Fiscal Year 2023-24.
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WHEREAS, the City’s authority to expend funds granted under prior budget resolutions, expires June 30, 2023; and
WHEREAS, a resolution must be passed to allow for continued operations until the budget is adopted, in the event that the budget is not adopted on June 28, 2023; and
WHEREAS, the proposed resolution allows the Fiscal Year 2022-23 operating budget to be continued for a period of 90 days into Fiscal Year 2023-24 for staffing and appropriations, which would be prorated accordingly.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of South San Francisco does hereby approve interim spending for the first 90 days of the Fiscal Year in the event the Fiscal Year 2023-24 operating budget is not approved on June 28, 2023.
BE IT FURTHER RESOLVED that all amounts necessary for the continued operation of the City for the ninety (90) day period set forth in the preceding paragraph are hereby appropriated for expenditure. Such appropriation shall be based upon the Fiscal Year 2022-23 Operating Budget in a ratio of 365 to 90.