City of Coral Gables

File #: 23-6396    Version: 1 Name:
Type: Ordinance Status: Failed
File created: 9/21/2023 In control: City Commission
On agenda: 9/26/2023 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 1st reading Ordinance general fund and insurance fund reserve policies (9-21), 2. 1st reading Ordinance general fund and insurance fund reserve policies (9-21), 3. Speaker Cards E-4

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)

 

 

Body

[Enter Brief History/Summary Here]

 

Recommended Action

[Enter Recommended Action Here]