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RESOLUTION NO.2113
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
CAPITAL FUND 308 FROM THE WATER/SEWER CONSTRUCTION
FUND 477.
RECITALS:
1.The Capital Fund will receive funds 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 Water/Sewer Construction Fund 477 shall loan $180,000 to the Capital Fund 308.
2. The loan shall be repaid to the Water/Sewer Construction Fund 477 perthe following schedule:
Principal Balance
1/1/1998
9/1/1998
9/1/1999
9/1/2000
9/1/2001
9/1/2002
Adopted by the City Council on May 26,1998
Finance Director
$80,000
$25,000
$25,000
$25,000
$25,000
Mayor
$180,000
$100,000
$75,000
$50,000
$25,000
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