1428_00001ORDINANCENO.1428
ANORDINANCECOMBININGFUNDSAND AMENDINGTHE 1990BUDGET
Recitals:
1.Jan M.Jutte,CPA,Division of MunicipalCorporations,in the StateAuditor's Office,has authorizedcombiningtheStreetFundandtheArterialStreetFundintoasinglefund
O 2.It is in the best interests of the City ofMoses Lake to combinethe funds since having fewer fundsreducesadministrationcosts.
THE CITYCOUNCIL OF THE CITYOF MOSESLAKE,WASHINGTONDOORDAINAS FOLLOWS:
Section 1.That the 1990 expenditureand revenue budgets of the Street Fund #116 and the ArterialStreetFund#117 be combined.
Section 2.That the year-to-dateexpenditure and revenue transactions ofthe Arterial Street Fund #117becombinedwiththeStreetFund#116.
Section 3.That the cash on hand inthe Arterial Street Fund be combined with the Street Fund #116andthatthefundsbeshowninthe1990AnnualFinancialReportinasinglefundrepresentedastheStreetFund.
Section4.This ordinance shalltake effectand be inforce five (5)days after its passage and publication
as provided by law.
Adopted by the CityCounciland s
ATTEST:
Finance Director *
APPROVEDASTOFORM:
CittyAttorney
PUBLISHED:5/fl/90