HomeMy WebLinkAboutRESOLUTION NO. 2005-18 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: $24,067.18 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: $24,067.18 from the 2004-2005 LOST Special
Revenue Fund to the 2004-2005 Local. Option — Street Improvements
Savings Account. Purpose: Disbursement to separate fund
c. Transfer Order: $12,033.60 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 of C2005.
AYES:
NAYS:
ABSENT: