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HomeMy WebLinkAbout2012-11 Transferring Appropriations-Grubbs Reward RESOLUTION NO. 2012 A RESOLUTION TRANSFERRING APPROPRIATIONS WITHIN THE 2011-2012 BUDGET THE CITY OF ASHLAND RESOLVES AS FOLLOWS: SECTION 1. Because of the circumstances stated below, the Mayor and City Council of the City of Ashland detennine that it is-necessary to transfer appropriations as follows:. General Fund To: Police Department $10,000 From: Contingency $10,000 To Transfer appropriations from Contingency to Police Department to contribute to the David Grubbs Reward Fund, doubling the size of the reward fund and hopefully providing additional incentive for someone to come forward with information that can help the Ashland Police Department solve the crime. By law,money cannot be spent directly from contingency, thus necessitating a transfer. The money will be held on the balance sheet of the General Fund. If the reward is never given, the money will be subject to re-appropriation at some future date. TOTAL To: Division Appropriations 0 From: Contingency $j SECTION 2. This resolution was duly PASSED and ADOPTED this 16 day of May, 2012 d takes effect upon signing by the Mayor. Barbara Christensen, City Recorder SIGNED and APPROVED this day of May, 2012: o 'Stromberg, Mayor Revi ed as to fo ' DTUd Lohman, City Attorney Page 1 of 1