10-058CITY OF SHOREWOOD
RESOLUTION NO. 10-058
A RESOLUTION AUTHORI7ING LIQUOR FiJND EQUITY TRANSFER
WHEREAS, the City Council established the Liquor Enterprise Fund to account for
Shorewood Liquor Store activities; and,
WHEREAS, the stores have been sold all enterprise activities have been halted; and
WHEREAS, the City Council desires to close these funds as of December 31, 2010;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Shorewood that the remaining balance in the Liquor Enterprise Fund be transferred into the
Community Infrastructure Fund with the balance to remain unspent, except for a $40,000
transfer to the General Fund as authorized by the 2011 Budget, until a later determination of
acceptable use by the City Council.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this 13th day of
December, 2010.
ATTEST:
Christine Lizke, Mayor