91-056
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RESOLUTION
56-91
A RESOLUTION APPROVING THE PERMANENT TRANSFER OF FUNDS
PREVIOUSLY TRANSFERRED FROM THE GENERAL FUND TO
PARK CAPITAL IMPROVEMENT FUND
WHEREAS, the City Council made a temporary transfer of $26,000 in
1989 from the General Fund to the Park Capital Improvement Fund to
prevent a deficit situation; and
WHEREAS, the receipt of Park dedication fees has slowed in recent
months and the likelyhood of repaying this amount in the near
future is in question; and
WHEREAS, a permanent transfer of said funds will not detract from
the integrity of the General Fund.
NOW, THEREFORE, BE IT RESOLVED that the temporary transfer of
$26,000 from the General Fund to the Park Capital Improvement Fund
in 1989 shall hereafter be considered a permanent transfer.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD this
10th day of June, 1991.
ATTEST:
es C. Hurm
ty Administrator
Roll Call Vote:
Ayes -
Nays -