1457RECITALS:
RESOLUTION NO. 1457
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN
1.The U.L.I.D.#3 Account 461 is a utility assessment account authorized by
Ordinance #1339 ordering U.L.I.D.#3 within the budget and account
reporting system of the City of Moses Lake.
2.The present cash balance is not sufficient to meet the expenses of this
account,which is a division of 1985 Revenue Bond Account #460.
RESOLVED:
1.The Water/Sewer Fund's Account #410 shall loan an additional $25,000 to
the U.L.I.D.#3 Account,#461,at an interest rate of 8.5%per annum.
2.The loanded funds shall be used to pay current and future bills of Ac
count #461.
3.The loan shall be repaid to the Water/Sewer Fund's Account #410 from as
sessment bond proceeds which accrue to Fund #461.
Adopted by the City Council on April 11,1989
ATTEST
Finance Director