HomeMy WebLinkAboutRESOLUTIONS - 05191987 - 87-299 i
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA .
Adopted this Order on May 19, 1987 by the following vote:
AYES: Supervisors Powers , Fanden, Torlakson, Schroder
NOES: None
ABSENT: Supervisor MCPeak
ABSTAIN: None
SUBJECT: COUNTY'S FINANCIAL POSITION Resolution No. 87/299
WHEREAS, the County' s financial position has continually
improved in recent years in spite of state and federal funding reductions;
and
WHEREAS, the County' s borrowing program is an integral part
of the financial stability Contra Costa has been able to enjoy; and
WHEREAS, the rating agencies view policy makers' support of
solid financial plans as a critical indicator of the likelihood of payback
of funds borrowed; and
WHEREAS, the County' s contingency fund is seen as another
critical indicator of ability to repay borrowed funds;
NOW, THEREFORE, BE IT RESOLVED that the Contra Costa Board
of Supervisors intends to continue its sound financial planning practices
and to protect or increase its contingency funds to she extent possible.
I hereby certify that this is a true and
correct copy of action taken and entered
on the minutes of the Board of Supervisors
on the date shown.
ATTESTED: May 19, 1987
PHIL BATCHELOR, Clerk of the Board
of Supervisors and County Administrator
By Deputy
cc : County Administrator
RESOLUTION NO. 87/ 299