City of Coral Gables

File #: 25-8920    Version: 1 Name:
Type: Ordinance Status: Agenda Ready
File created: 5/1/2025 In control: City Commission
On agenda: 5/6/2025 Final action:
Enactment date: Enactment #:
Title: An Ordinance of the City Commission amending the City of Coral Gables Code by Creating Chapter 2 “Administration,” Article VII “Finance,” Division 1 “Generally,” Section 2-352 Fund Balance and Reserve Policy,” to codify the Fund Balance and Reserve Policy establish pursuant to Resolution No. 2016-34 and to require a four-fifths vote of the City Commission prior to spending general fund reserves, except during a declared State of Emergency, and to provide that the policy may be amended by ordinance approved by a four-fifths vote of the City Commission; providing for a repealer provision, severability clause, codification, and providing for an effective date. (Sponsored by Mayor Lago)
Sponsors: Mayor Lago
Attachments: 1. Cover Memo- First reading ordinance- general fund and insurance fund reserve policies, 2. Draft Ordinance on First Reading - General Fund and Insurance Fund Reserve Policies (5-1)
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Title

An Ordinance of the City Commission amending the City of Coral Gables Code by Creating Chapter 2 “Administration,” Article VII “Finance,” Division 1 “Generally,” Section 2-352 Fund Balance and Reserve Policy,” to codify the Fund Balance and Reserve Policy establish pursuant to Resolution No. 2016-34 and to require a four-fifths vote of the City Commission prior to spending general fund reserves, except during a declared State of Emergency, and to provide that the policy may be amended by ordinance approved by a four-fifths vote of the City Commission; providing for a repealer provision, severability clause, codification, and providing for an effective date.

(Sponsored by Mayor Lago)

 

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