3161_
RESOLUTION NO.3161
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
BUILDING MAINTENANCE FUND 528 FROM THE WATER/SEWER
CONSTRUCTION FUND 477
RECITALS:
1.The Building Maintenance Fund 528 will receive General Fund revenues at a later date.
2.The present cash balance is not sufficient to meet the needs of the fund.
RESOLVED:
1.The Water/Sewer Construction Fund 477 shall loan $4,000,000 to the Buiiding Maintenance Fund
528.
2.The loan shall bear interest at 4%per annum on the unpaid principal.
3.The loan shall be repaid to the Water/Sewer Construction Fund 477 when the General Fund
revenues are received.
Adopted by the City Council on July 27,2010.
Jon tana/Mayor
ATTEST:
Ranald R.Cone,Finance Director