Resolution 4238 - Transfer Funds from SID Fund to Revolving Fund1178
RESOLUTION NO. 4218
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 $30,572.40, the excess accumulated over several years,
and
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 aforementioned 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 _19TH DAY OF SEPTEMSER , 1995.
Dougla D. Rauthe, Mayor
ATTEST:
074 OMC-
Debbie G f ,
Clerk of cil
1
1