320 Repeal Resolution 140 Reserve Fund for Building ExpansionRESOLUTION NO. ~ Z 0
BY:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MERIDIAN
SETTING FORTH CERTAIN FINDINGS; DIRECTIVE TO TREASURER AND
REPEALING CITY OF MERIDIAN RESOLUTION NO. 140 CONCERNING
THE RESERVE FUND FOR BUILDING EXPANSION AND IMPROVEMENT.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY
COUNCIL OF THE CITY OF MERIDIAN, IDAHO:
SECTION 1:
FINDINGS/DIRECTIVE TO TREASURER:
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The City Council enacted Resolution No. 140 on the 17th day of
September, ! 991, which provided for the establishment of a reserve
fund for building expansion, improvement fund and authorizing
transfers of funds from the general fund to the expansion fund, upon
excess funds being available at the end of the fiscal year; and
Bo
The City Council in fiscal year 1991-92 budget appropriated Four
Hundred Eighty Thousand and No/100ths Dollars ($480,000.00) but
has not appropriated any further sums to said fund and there now exits
as a result of expenditures previously made from said fund the sum of
Four Hundred Sixty Nine Thousand and No/100ths Dollars
($469,000.00) in the Building Expansion and Improvement Fund.
Co
The Council does hereby direct the Treasurer to continue the reserve
fund for the remainder of this fiscal year and shall consider the same as
carry over funds for appropriation in fiscal year 2000-2001.
Do
It is found, and has been recommended to the City Council by its
auditor and City Attorney, that Resolution No. 140 should be repealed
and that the budget, appropriation, and expenditure process follow the
requirements of Idaho Code Sections 50-1001-1006.
RESOLUTION REPEALING RESOLUTION NO. 140 - PAGE 1 OF 2
SECTION 2:
hereby repealed.
REPEAL OF RESOLUTION NO. 140: Resolution No. 140 is
PASSED BY THE COUNCIL OF THE CITY OF MERIDIAN, IDAHO, this
~o~--~ day of ~:J , 2000.
APPROVED BY THE MAYOR OF THE CITY OF MERIDIAN, IDAHO, this
~3 ~- day of ~a~4~ ,2000.
.~.~pAI II II IIIIIIt
Attest:
ms~Z:~Work~eridian 15360~budget 1999 and 2000~esRepealingRes 140
RESOLUTION REPEALING RESOLUTION NO. 140 - PAGE 2 OF 2