| Meeting Date: |
THURSDAY MAY 143, 2013 |
| Meeting Type: |
SPECIAL |
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| Council File Number: |
13-0600 |
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Item Description:
Item No. (11)
Budget Stabilization Fund: As part of the 2008-09 Budget, the Council approved, in concept, a new chapter to the City's Financial Policies to create a Budget Stabilization Fund (BSF). The intent of the BSF is to moderate fluctuations in revenue, prevent overspending during prosperous years, and provide resources to help maintain service levels during lean years. In March 2011, the voters enacted Measure P, which codified the requirement to create such a Fund. |
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| Pertinent Council Districts: |
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NONE
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| Member Name |
CD |
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| Vacant (VACANT) |
6 |
ABSENT
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| RICHARD ALARCON |
7 |
YES
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| JOE BUSCAINO |
15 |
YES
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| MITCHELL ENGLANDER |
12 |
YES
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| ERIC GARCETTI |
13 |
YES
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| JOSE HUIZAR |
14 |
YES
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| PAUL KORETZ |
5 |
YES
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| PAUL KREKORIAN |
2 |
YES
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| TOM LABONGE |
4 |
ABSENT
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| BERNARD C PARKS |
8 |
YES
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| JAN PERRY |
9 |
YES
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| ED REYES |
1 |
YES
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| BILL ROSENDAHL |
11 |
ABSENT
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| HERB WESSON |
10 |
YES
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| DENNIS ZINE |
3 |
YES
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