City Council

16. CONSIDERATION TO ADOPT RESOLUTION NO. 7992 APPROPRIATING BUDGET TRANSFERS TO RESOLVE NEGATIVE FUND BALANCES IN THE PROGRAMS AND PROJECTS FUND (FUND 107) AND MOBILE SOURCE AIR POLLUTION REDUCTION REVIEW COMMITTEE FUND (FUND 238) Recommendation It is recommended that the City Council adopt Resolution No. 7992 (Attachment 1) appropriating the following budget transfers: a) $325,222 from Unassigned General Fund Reserve to Fund 238 (MSRC Fund) to eliminate the fund’s negative fund balance; and b) $314,877 from Assigned General Fund Balance to Fund 107 (Programs and Projects Fund) to eliminate the fund’s negative fund balance.