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CRTY OF Agenda Section: 11.D <br /> REQUEST FOR COUNCIL CONSIDERATION Report Number: 95-1459C <br /> Report Date: 9-7-95 <br /> STAFF REPORT Council Action: <br /> EW ❑ Special Order of Business <br /> CITY COUNCIL MEETING DATE September 11, 1995 0 Public Hearings <br /> 0 Consent Agenda <br /> Council Business <br /> Item Description: <br /> Consideration of Resolution No. 4812 Establishing a Contingency Fund Policy <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> - Comments attached. <br /> Explanation/Summary (attach supplement sheets as necessary.) <br /> SUMMARY; <br /> Over the years, expenditures from the City's Continguency Fund have occurred without a formal, <br /> written policy. At the August 21, 1995 Council meeting, a motion was approved by the Council to <br /> direct staff to develop a Contiguency Fund Policy to be reviewed at the September 5, 1995 Work <br /> Session. <br /> The Council reviewed the draft Policy at the Work Session and revised the draft Policy to reflect the <br /> Council's collective public policy priorities in regards to the use of Continguency Funds. The <br /> revised Policy is attached for Council review. <br /> Sa ntha O •uno ity Adminis rator <br /> RECOMMENDATION: <br /> MOTION TO WAIVE THE READING AND APPROVE RESOLTUION NO. 4812 ESTABLISHING A <br /> CONTINGENCY FUND POLICY <br />