3145RESOLUTION NO.3145
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
AMBULANCE FUND 498 FROM THE SANITATION FUND 490
RECITALS:
1.The Ambulance Fund 498 will receive service fee revenues at a later date.
2.The present cash balance is not sufficient to meet the present and projected needs of the fund.
RESOLVED:
1.The Sanitation Fund 490 shall loan 5150,000 to the Ambulance Fund 498.
2.The loan shall bear interest at 1 %per annum on the unpaid principal.
3.The loan shall be repaid to the Sanitation Fund 490 when the service fee revenues are received to
substantial fund the Ambulance Fund 498.
Adopted by the City Council on April 27,2010.
Jill Ecret,Deputy Mayor
ATTEST:
Ronald R,Cone,Finance Director