1289RESOLUTION NO.1289
A RESOLUTION ESTABLISHING A CAPITAL IMPROVEMENT FUND 311
FOR MONTLAKE PARK AND ESTABLISHING ACCOUNTS 115,413,414 AND
491 TO SEGREGATE PORTIONS OF THE EXPENSES IN THE STREET,
WATER/SEWER AND SANITATION FUNDS AS SET FORTH IN THE 1987 BUDGET.
RECITALS:
1.The City Council has accepted a grant for the improvement of Montiake
Park.This will require a capital improvement fund to account for the
grant.
2.A portion of the Street Budget is under the Control of the Park and
Recreation Department.Portions of the Water/Sewer and Sanitation funds
are under the control of the Finance Department.In order to segregate
departmental responsibility,Accounts 115 Street/Parks,413 Water/
Billing,414 Sewer/Billing and 491 Sanitation/Billing are added to the
1987 Budget Process.These accounts will be used for internal accounting
in budget/expenditure process,however they will be shown only at the
Fund Level in the Budget Document and budget enacting ordinance.
RESOLVED:
1.That Fund 311 Montiake Capital Improvement Fund be established on the
City Books.
2.That Accounts 115,413,414 and 491 be established for internal budgetary
accounting and control.
Adopted by the City Council on Januar
Walter FryT city Clerk