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RESOLUTION NO.1921
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
BUILDING MAINTENANCE FUND 528 FROM THE SANITATION FUND
#490
RECITALS:
1.The Building Maintenance Fund will receive loan proceeds at a later date.
2.The present cash balance is not sufficient to meet the expenses of this fund.
RESOLVED:
1.The Sanitation Fund #490 shall loan $50,000 to the Building Maintenance Fund #528 with interest
at 4.75%per annum.
2. The loaned funds shall be used to pay bills from the Building Maintenance Fund #528.
3.The loan shall be repaid to the Sanitation Fund #490 from FMHA loan proceeds when received.
Adopted by the City Council on October 24,1995.
ATTEST:
Finance Director