HomeMy WebLinkAbout~Master - Approving the City's Unallocated Funds as "Reserve Funds" for ASSET RESOLUTION NO. 22-272
RESOLUTION APPROVING THE CITY'S UNALLOCATED FUNDS
AS "RESERVE FUNDS" FOR ASSET
FOR THE CITY OF AMES,IOWA
WHEREAS,during its February 2022/23 budget approval process,the City Council approved
a total of$1,729,180 in ASSET allocations for the 2022/23 fiscal year; and,
WHEREAS,there is a total of$28,022 across three of the ASSET Funders that the ASSET
Board is recommending reserving specifically for housing service needs that may arise during FY
2022/23; and,
WHEREAS, the $28,022 is broken down as follows:
ASSET Funder Amount
City of Ames $11,652
Story County $13,003
United Way of Story County $3,367
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the unallocated ASSET funds in the amount of$11,652 to be used as"reserve funds"is hereby
approved.
ADOPTED THIS 24t' day of May, 2022.
Diane R. Voss, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Junck
Voting aye: Beatty-Hansen, Betcher, Gartin, Junck, Rollins
Voting nay: None Absent: Corrieri
Resolution declared adopted and signed by the Mayor this 24t'day of May, 2022.