450Nj
CO
00
RESOLUTION No.450
WHEREAS,commencing November 1,1967,Section 8 and Section 9 of
Ordinance No.573 requires the City to transfer monies into the 1967
Water Sewer Revenue Bond Redemption Fund and 1967 Water Sewer
Revenue Bond Reserve Fund,and
WHEREAS,the total amount required to complete the 1967 budget year
amounts to $2,756.20 for the 1967 Water Sewer Revenue Bond Redemption
-^Fund and $551.24 for the 1967 Water Sewer Revenue Bond Reserve Fund,
and
WHEREAS,the amount of $2 „756 .20 required for the 1967 Water Sewer
Revenue Redemption Fund may be reduced by the accrued interest earned
and deposited into the Redemption Fund in the amount of $1,929.38,leaving
$826.82 to be transferred to the 1967 Water Sewer Revenue Bond Redemption
Fund and $551.24 to be transferred to the 1967 Water Sewer Revenue Bond
Reserve Fund,and
WHEREAS,these amounts were required by Ordinance No.573 after the adoption
of the 1967 Budget and could not have been anticipated at the time of adoption of
the 1967 Budget,and
WHEREAS,there is an excess appropriation with the Capital Outlay Classification
of the Water Sewer Funds Budget
NOW,THEREFORE,BE IT RESOLVED:That the sum of $1,378.06 be transferred
within the 1967 Water Sewer Budget as follows:
From To Amount
30.3.6a Capital Outlay Not Specified 30.4.8 Interest Transfer
Capital Outlay 1967 Bonds $826.82
30.4.9 Reserve-Transfer 551.24
1967 Bonds
Interest and Debt
Redemption
PASSED by the City Council and APPROVED by its Mayor this 26th day of
December,1967.
ATTEST:
/City
<5 APPROVED AS TO FORM:CO
00
Qixy Attorney
MaVor