2346_00001RESOLUTION NO.2346
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
AMBULANCEFUND #498 FROM THE SANITATION FUND#490
RECITALS:
1.The Ambulance Fund willreceive revenue from services provided at a later date.
2.The present cash balance is not sufficient tomeet theexpenses of thisfund.
RESOLVED:
1.The Sanitation Fund 490 shall loan $250,000to the Ambulance Fund #498 withinterest at 4%per
annum.
2.The loaned funds shall be used topay billsfrom theAmbulance Fund #498.
3.The loan shallbe repaid totheSanitationFund #490 from revenue proceeds when receivedby theAmbulanceFund#498.
Adopted bytheCity Council on June 26,2001.
Mayor
Finance Director
O