1819w
RESOLUTION NO.1819
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE PARK
AND RECREATION CAPITAL IMPROVEMENT FUND #314 FROM THE
CAPITAL IMPROVEMENT FUND #308
RECITALS:
1.The Park and Recreation Capital Fund will receive lease/purchase funds at a later date.
2. The present cash balance is not sufficient to meet the expenses of this fund.
RESOLVED:
1. The Capital Improvement Fund #308 shall loan $425,000 to the Park and Recreation Capital
Improvement Fund #314 without interest.
2.The loaned funds shall be used to pay bills from the Park and Recreation Capital Improvement
Fund #314.
3.The loan shall be repaid to the Capital Improvement Fund #308 from revenues which accrue to
the Park and Recreation Capital Improvement Fund #314.
Adopted by the City Council on April 26,1994.
Finance Director