3423RESOLUTION NO.3423
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
AMBULANCE FUND 498 FROM THE WATER/SEWER FUND 410
RECITALS:
1.The Ambulance Fund 498 will receive service fee revenues at a later date.
2. The presentcash balance isnotsufficient tomeetthe presentand projected needs ofthe fund.
RESOLVED:
1.The Water/Sewer Fund 410 shall loan $300,000 to the Ambulance Fund 498.
2. The loan shallbearinterestat 1% perannum on the unpaid principal.
3.The loan shall be repaid to the Water/Sewer Fund 410 when the service fee revenues are received
to substantially fund the Ambulance Fund 498
Adopted by the City Council on December 30,2013.
ATTEST://
W.Robert Taylor,Finance^Efitec^Director