06. Resolution 4342 - Transfer Funds - General to Building DeptAgenda -July 7, 1997
AGENDA ITEM 6 - RESOLUTION 4342-TRANSFER FUNDS FROM GENERAL FUND TO
BUILDING DEPARTMENT FUND
BACKGROUND/CONSIDERATION: As we indicated at the budget workshop,
we are requesting your approval to transfer $120,509 from the
General Fund to the Building Code Enforcement Fund. Based upon
historical revenue and expenditures for the Building Code
Department, we have calculated that a $120,509 cumulative cost
value should be transferred to enable the "start-up" of this
Department's account as an independent "enterprise" fund operation.
RECOMMENDATION: To comply with state law and to allow separate
t
accounting procedures for this department, I recommend approval of
this transfer.
ACTION REQUIRED: Approval of RESOLUTION 4344 will authorize the
transfer process to be completed.
RESOLUTION NO. 4342
A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO TRANSFER FROM THE
GENERAL FUND TO THE BUILDING CODE ENFORCEMENT FUND THE EQUITY
ATTRIBUTED TO THE BUILDING CODE FUNCTION:
WHEREAS, the City has in its General Fund the following funds
established to be the equity of the Building Department balance:
Building Code Enforcement $ 120,509
WHEREAS said Fund is created at the option of the City per
TITLE 50, Chapter 60, Part 3 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 from 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 from the 4General fund to the
Building Code Enforcement fund the amount of $120,509.
PASSED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AND APPROVED BY
THE MAYOR THIS DAY OF , 1997.
Douglas D. Rauthe, Mayor
ATTEST:
Clerk of Council
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