2011RESOLUTION NO.2011
A RESOLUTION AUTHORIZING AN INTERFUND LOAN TO THE
AIRPORT FUND 495 FROM THE GENERAL FUND 000.
RECITALS:
1. The Airport Fund will receive funds at a later date from the Washington State Department of
Transportation.
2. The present cash balance is not sufficient to meet the present and projected needs of the fund.
RESOLVED:
1.The General Fund 000 shall loan $17,500 to the Airport Fund 495.
2.The loan shall bear interest at 5%per annum on the unpaid principal.
3.The loan shall be repaid to the General Fund 000 when the grant funds are received.
Adopted by the City Council on December 23, 1996.
ATTEST:
p aULI
Finance Director