216RESOLUTION NO.216
WHEREAS,it has come to the attention of the City Council
that the 1950 bond reserve and 1950 bond reserve investment funds have
an existing cash balance of $26,650.00,while only $24,000.00 is
specified by ordinance,and
WHEREAS,the 1955 bond reserve and 1955 bond reserve invest
ment funds have a cash balance of $71,540.01,with $63,905.34 in
investments,while only $60,885.00 is required by ordinance,
—
NOW,THEREFORE,BE IT RESOLVED:
That the sum of $2,650.00 shall be transferred from the 1950
bond reserve and 1950 bond reserve investment funds,to Item No.300
of the Water and Sewer Revenue Fund entitled "Balance",general
classification of the I960 Budget,and that the sum of $7,634.67 shall
be transferred from the 1955 bond reserve fund to Item No.300 of the
Water and Sewer Reserve Fund entitled "Balance",general classifica
tion of the I960 Budget.
PASSED by the City Council,and APPROVED by its Mayor
this 8th day of November,I960.
Mayor
ATTEST:
City Clerk
APPROVED AS TO FORM:
City Attorney