Resolution 4409 - Budget Transfer - SID to General1805
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RESOLUTION NO. 4409
A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO TRANSFER THE FUNDS
IN EXCESS OF 5% OF THE OUTSTANDING SID DEBT FROM THE SID REVOLVING
FUND TO THE GENERAL FUND
WHEREAS, the City has in its SID Revolving Fund an excess
balance of $17,148.00, the excess accumulated over several years,
WHEREAS said funds are excess of the 5%- authorized by Montana
Code, 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
General Fund
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 transfer the afore mentioned excess fund
from the SID Revolving fund to the General Fund.
PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AND APPROVED BY
THE MAYOR THIS 15th DAY OF June, 1998.
ATTEST:
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eresa White
Clerk of Council
Wm.E.Bohar*i
William E. Boharski, Mayor