3417RECITALS:
RESOLUTION NO.3417
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
AMBULANCE FUND 498 FROM THE WATER/SEWER FUND 410
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 ofthe fund.
RESOLVED:
1.The Water/Sewer Fund 410 shall loan $100,000 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 tothe Water/Sewer Fund 410when the service fee revenues are received
to substantial fund the Ambulance Fund 498.
Adopted by the City Council on November 26,2013 .
r
Bill Ecret,Mayor
ATTEST: