1989-122 Establishing Special Fire Truck Purchase Fund398
RESOLUTION NO. 122
A RESOLUTION BY THE CITY OF MERIDIAN ESTABLISHING A SPECIAL FIRE TRUCK PURCHASE
FUi~tD AND AUTHORIZING THE RESERVING OF FUNDS FROM THE GENERAL FUND FROM FISCAL
YEAR 1988-1989 AND SAID RESERVATION BEING EFFECTIVE WHEN FUNDS BECOME AVAILABLE
AND AUTHORIZING THE TRANSFER OF FUNDS RESERVED FROM THE GENERAL FUND TO THE
SPECIAL FIRE TRUCK FUND FOR THE PURCHASE. OF A NEW FIRE TRUCK.
WHEREAS, the City is in need of a new fire truck;
WHEREAS, the City does not have sufficient funds in one year to purchase
a fire truck; ~~
WHEREAS, the City has authority to establish reserves and funds and to
budget for necessary improvements and expenses;
WHEREAS, there should be sufficient funds to make a reservation from the
General Fund and $40,000.00 has been budgeted for the purchase of a new fire
truck.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND THE CITY COUNCIL OF THE
CITY OF MERIDIAN, IDAHO:
That there is hereby created a special fund known as the FIRE TRUCK PURCHASE
FUND.
That there is hereby reserved from the General Fund the sum of FORTY THOUSAND
AND NO/100 DOLLARS ($40,000.00); and
That when funds become available there is hereby transferred from the General
Fund FORTY THOUSAND AND no/100 DOLLARS ($40,000.00) to the SPECIAL FIRE TRUCK
PURCHASE FUND; and
That said reservation and transfer shall be effective when presently invested
funds become available such that premature liquidation penalties are not
incurred.
PASSED BY THE CITY COUNCIL AND APPROVED BY THE MAYOR OF THE CITY OF MERIDIAN,
this 7th day of February, 1989.
APPROVED:
GRANT P. KINGSFOR , MAY
ATTEST: