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RESOLUTION NO.1928
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN TO THE
AIRPORT FUND #495 FROM THE SANITATION FUND #490
RECITALS:
1.The Airport Fund will receive grant 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 $10,000 to the Airport Fund#495 with interest at 4.75% per
annum.
2. The loaned funds shall be used to pay bills from the Airport Fund #495.
3. The loan shall be repaid to the Sanitation Fund #490 from grant proceedswhen received by the
Airport Fund #495.
Adopted by the City Council on November 28,1995
ATTEST:
Finance Director