3054• ATTEST:
(onald R. Cone, Finance Director
Ronald C. Covey,
RESOLUTION NO. 3054 •
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
BUILDING MAINTENANCE FUND 528 FROM THE SANITATION FUND
490
RECITALS:
1.The Building Maintenance Fund 528 will receive revenue from bond proceeds at a later date.
2.The present cash balance is not sufficient to meet the financial needs of the fund.
RESOLVED:
1.The Sanitation Fund 490 shall loan $300,000 to the Building Maintenance Fund 528 with interest
at 1%.
2.The loaned funds shall be used to finance a portion of the new City Campus.
3.The loan shall be repaid to the Sanitation Fund 490 as bond proceeds are available.
Adopted by the City Council on May 12, 2009.
BUILDING MAINTENANCE FUND 528 FROM THE SANITATION FUND
490
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