1486RECITALS:
RESOLUTION NO.1486
A RESOLUTION AUTHORIZING AN INTER-FUND LOAN
1. The U.LI.D.#4 Account 462 is a utility assessment account authorized by Ordinance #1342
ordering U.LI.D.#4 within the budget and account reporting system of the Cityof Moses Lake.
2. The present cash balance isnot sufficient to meetthe expenses ofthis account,whichisa division
of 1985 Revenue Bond Account #460.
RESOLVED:
1. The Water/Sewer Fund'sAccount #410 shall loan $100,000 to the U.LI.D.#4 Account, #462, at
an interest rate of 8.5% per annum.
2. The loaned funds shall be used to pay current and future bills of Account #462.
3. The loanshallbe repaidto the Water/Sewer Fund'sAccount #410 from assessment bond proceeds
which accrue to Fund #462.
Adopted by the City Council on July 25,1989.
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inance Director