HomeMy WebLinkAboutRESOLUTION NO. 2004-47 RESOLUTION NO.
A RESOLUTION AUTHORIZING THE TRANSFER OF LOCAL OPTION
SALES TAX FUNDS FROM THE SPECIAL REVENUE FUND TO THE LOCAL
OPTION SALES TAX SAVINGS ACCOUNTS
WHEREAS, Resolution 03-03-17-1 stated the specific purposes for which the
revenues shall otherwise be allocated are 40% sewer improvements, 40% street
improvements and 20% any lawful purpose for 2004-2005 Local Option Sales Tax
revenue; and
WHEREAS, Said funds are to be deposited to the Special Revenue Fund and thence
transferred to separate funds as allocated for the recording of receipts and disbursements;
and
THEREFORE,BE IT ENACTED by the City Council of the City of Fairfax, Iowa:
Section 1. Transfer from the 2004-2005 LOST Special Revenue Fund as follows:
a. Transfer Order: $18,935.84 from the 2004-2005 LOST Special
Revenue Fund to the 2004-2005 Local Option Sewer Improvements
Savings .Account, Purpose: Disbursement to separate fund
b. Transfer Order: $18,935.84 from the 2004-2005 LOST Special.
Revenue Fund to the 2044-2005 Local Option — Street Improvements
Savings Account. Purpose: Disbursement to separate fund
c. Transfer Order: $9,467.92 from the 2004-2005 LOST Special
Revenue Fund to the 2004-2005 Local Option— Any Lawful Purpose
of the City Savings Account. Purpose: Disbursement to separate fund
NOW THEREFORE BE IT RESOLVED, by the City Council of the City of
Fairfax, Iowa that the Mayor and City Clerk are hereby authorized and directed to
execute said Resolution.
Passed and approved this day ofL-rn ;`2004.
AYES: 6q, I
NAYS:
ABSENT: I v.Y) 0 L2
The foregoing Resolution 7o. ) having been approved this date by the
City, /Council,I hereby approv the same by affixing my signature as Mayor on this
of , 2004.
Bill Voss, Mayor
ATTEST:
Connie Frame, City drl