1346_00001ORDINANCENO.1346
AN ORDINANCEESTABLISHINGFUNDSANDACCOUNTS.
RECITALS:
1.The City Council has by ordinance established Utility LocaliImprovementdistricts(ULIDs),Local Improvement Districts(LIDs)and certain lease purchases which require a segregationontheCityBooks.
THE CITY COUNCILOF THE CITY OF MOSESLAKE,WASHINGTON00 ORDAINAS FOLLOWS:
SECTION1.It is hereby ordered that Fund #272 be established for thepaymentofdebtserviceforthepropertypurchasedfortheLarsonParkExpansionandsaidfundbenamedLarsonExpansion.
SECTION2.It is hereby ordered that Fund #275 be established for thepaymentofdebtserviceapplicabletotheGeneralFundforEquipmentpurchasedbyleaseandsaidfundbenamedEquipmentLeases.
SECTION3.It is hereby ordered that Fund #196 be re-instated for theBasinHomesBlockGrantandsaidfundbenamedComm/Dev BlockGrant.
SECTION4.It is hereby ordered that sub-account #461 be establishedforULID3asasub-account of 1955 Revenue Bond Account #460withintheWater/Sewer Fund.This account will be used for theproceedsofutilityassessmentsbonds,the construction of ULID 3iandthefuturedebtserviceofULID3.The account name is 1985Bonds/ULID 3.
SECTION5.It is hereby ordered that sub-account #462 be establishedforULID4asasub-account of 1955 Revenue Bond Account #460withintheWater/sewer Fund.This account will be used for theproceedsofutilityassessmentsbonds,the construction of ULID 4andthefuturedebtserviceofULID4.The account name is 1985Bonds/ULID 4.
SECTION6.It is hereby ordered that account #483 be establishedwithintheWater/Sewer Fund for lease purchases for the Water/SewerFundandthattheaccountbenamedW/S leases.
SECTION7.It is hereby ordered that fund #756 be established as aspecialAssessmentfundforLocalImprovementDistrict#56 and thatthefundbenamedL.I.D.#56.
Section 8.This ordinance shall take effect and be in force (5)daysafteritspassageandpublicationasprovidedbylaw.
Adopted by the City Council and signed by i er 22 ,1988.
I MayoA
City Clerk
OVED TO F :
¿City Att ney
SUMMARYPUBLISHED:11/28/88