Costa Mesa Municipal Code Art. 7 Use of General Fund Cash Reserves

For the purpose of this chapter, the following terms shall have the following meanings unless it is clear from the context that a different meaning is intended:

General fund

means the fund used to account for all financial resources except those required to be accounted for in another fund.

General fund operating reserve

means those unappropriated cash funds from the general fund which have been designated by resolution of the city council as operating reserve.

(Ord. No. 91-20, § 2, 8-5-91)

The use of the general fund operating reserve shall be limited to the following purposes:

(a) To provide required emergency funding as a result of a declared emergency.

(b) To provide required funding for an unanticipated but urgent event threatening the public health, safety and welfare of the City of Costa Mesa.

(Ord. No. 91-20, § 2, 8-5-91)

The general fund operating reserve may only be utilized by resolution of the city council for any general fund purpose so provided in this article.

(Ord. No. 91-20, § 2, 8-5-91)