H/4. Resolution 4803 - Inactive 1993 Sidewalk & Curb Fund Close OutsC 0
ity of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406)758-7700 Fax(406)758-' 758
REPORT TO: Mayor Kennedy and City Council Members
FROM: Amy Robertson, Finance Director
Chris Kukulski, City Manager
SUBJECT: Close out of Inactive 1993 Sidewalk & Curb Fund
MEETING DATE: June 16, 2003
BACKGROUND: This is a housekeeping Resolution to allow closing out of an inactive
debt service fund and transfer the balance from that fund to the SID
Revolving fund. The cash balance in that fund is $ 61.19.
RECOMMENDATION: Adoption of this resolution authorizing the transfer of funds to the
SID Revolving fund.
FISCAL EFFECTS:
ALTERNATIVES:
Interfund transfer $61.19
None
-, H. I
Amy H. Robertson
Finance Director
Report compiled: June 10, 2003
Attachments: none
Chris A. Kukulski
City Manager
RESOLUTION NO.4803
A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO CLOSE OUT THE
INACTIVE SPECIAL IMPROVEMENT DISTRICT FUND TO THE SID REVOLVING
FW0
WHEREAS, the City has in its Special Improvement District Funds the following fund with the
following equity balance:
1993 Sidewalk & Curb $ 61.19
WHEREAS, said Fund is 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 Fund.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
KALISPELL AS FOLLOWS:
SECTION I: That the Finance Director is hereby authorized and directed to close
out the aforementioned Special Improvement District Fund to the SID
Revolving Fund.
PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF
THE CITY OF KALISPELL, MONTANA, THIS 16TH DAY OF JUNE, 2003.
Pamela B. Kennedy
Mayor
Theresa White
City Clerk