1820RESOLUTION NO.1820
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
PATHS AND TRAILS FUND 114 FROM THE STREET FUND 116
RECITALS:
1.Paths and Trails Fund is a special revenue fund and will receive grant funds at a later date.
2. The present cash balance is not sufficient to meet the expenses of this fund.
RESOLVED:
1.The Street Fund #116 shall loan $10,000 to the Paths and Trails Fund at an interest rate of 5%
per annum.
2.The loaned funds shall be used to pay bills from the Paths and Trails Fund.
3.The loan shall be repaid to the Street Fund #116 from revenues which accrue to the Paths and
Trails Fund #114.
Adopted by the City Council on April 26, 1994.
ATTEST:
Finance Director