2557_00001RESOLUTION NO.2557
A RESOLUTION AUTHORIZINGAN INTER-FUND LOANTO THE
AMBULANCEFUND#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 not sufficienttomeet the expenses of thisfund.
RESOLVED:
1.The SanitationFund #490 shallloan $50,000totheAmbulance Fund #498 withinterest at 1.5%per
annum.
2.The loaned funds shall be used topaybillsfrom theAmbulanceFund #498.
3.The loan shall be repaidtotheSanitation Fund #490 from revenue proceeds when received by theAmbulanceFund#498.
Adopted bythe City Council on August 12,2003.
Idayor
Finance Director
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