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RESOLUTION No . 3.509 <br /> A RESOLUTION clarifying the intent and <br /> use of the Council ' s Contingency Fund . <br /> WHEREAS, the City of Everett formulates and <br /> publishes a budget setting forth the sources and uses of all <br /> funds; and <br /> WHEREAS, the Mayor and Council work in <br /> harmony to assure a proper and equitable balance in the <br /> application of all funds ; and <br /> WHEREAS, the Council has deemed it necessary <br /> and prudent to allocate a sum of money each year to a <br /> contingency fund to provide for unanticipated or emergency <br /> expenses which may arise from time to time ; and <br /> WHEREAS, such a fund has been in existence <br /> for many years ; <br /> NOW , THEREFORE, BE IT RESOLVED BY THE CITY <br /> COUNCIL OF THE CITY OF EVERETT: <br /> That the Council shall have at its <br /> discretion an amount to be determined and allocated by <br /> agreement between the Council and the Mayor, to be set aside <br /> into a separate account , which shall be available for <br /> expenditures which are unanticipated during the formulation <br /> of the annual budget , and which shall be used exclusively by <br /> direction of the council members as evidenced by a majority <br /> vote . <br /> Councilman Introducing Resolu ion <br /> p► <br /> PASSED AND APPROVED BY CITY COUNCIL THE /o QDAY 0 <br /> 1990 <br /> - __..a111111110100111.. <br /> Council 'resident <br />