2534_00001RESOLUTION NO.2534
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THEAMBULANCEFUND#498 FROM THE SANITATIONFUND #490
RECITALS:
1.The Ambulance Fund willreceive revenue from services provided at a later date.
2.The present cash balance is notsufficient tomeet theexpenses ofthisfund.
RESOLVED:
1.The Sanitation Fund #490 shall loan $65,000to theAmbulance Fund #498 withinterest at 1.5%perannum.
2.The loaned funds shallbe used topaybillsfrom theAmbulance Fund #498.
3.The loan shallbe repaid tothe SanitationFund #490 from revenueproceeds whenreceivedby theAmbulanceFund#498.
Adopted by the CityCouncil on May27,2003.
Mayor
Finance Director
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