Resolution 4051 - Close Out Inactive Special Improvement District Fund to SID Revolving Fund377
1
1
RESOLUTION NO. 4051
A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO CLOSE OUT THE
INACTIVE SPECIAL IMPROVEMENT DISTRICT FUNDS TO THE SID REVOLVING
FUND.
WHEREAS, the City has in its Special Improvement District
Funds the following funds with the following equity balances:
1980 Sidewalk & Curb $ 687.64
1981 Sidewalk & Curb (5,658.52)
1982 Sidewalk & Curb (265.78)
SID 326 (2,591.07)
WHEREAS said Funds are inactive, and
WHEREAS, the City is authorized and required to transfer
equity from one fund to another fund only by resolution or
ordinance, and
WHEREAS, an appropriate fund to transfer said equity to is
the SID Revolving.
NOW, THEREFORE be it resolved by the City Council of the
City of Kalispell as follows:
That the Finance Director is hereby authorized and
directed to close out the afore mentioned Special
Improvement District Funds to the SID Revolving
Fund.
PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AND APPROVED
BY THE MAYOR THIS 20th DAY OF April. , 1992.
ATTEST:
Finance Director
I! l�, RON