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HomeMy WebLinkAboutRESOLUTION NO. 2017-02 RESOLUTION NO. 2017-02 A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS WHEREAS, the City of Fairfax has operational transfers that are required to be made; and WHEREAS, the City Council of the City of Fairfax, Iowa, wishes to make the needed transfers; and WHEREAS, the city clerk/treasurer has submitted the following list of the transfers needed. Section 1. Project Bond Funds: a. Transfer Order: $4,799.17 from the Sewer Fund System Improvements checking account to the Water Fund System Improvements checking account. b. Transfer Order: $3,097.63 from the from the Sewer Fund System Improvements checking account to the Sewer Main 2016 Extension Project checking account. c. Transfer Order: $45,000.38 from the Phase 2 Water Main Replacement Project checking account to the Water Fund System Improvements checking account. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Fairfax, Iowa, that the city clerk/treasurer is directed to make these recommended transfers. BE IT FURTHER RESOLVED, that the Mayor and City Clerk/Treasurer are hereby authorized and directed to execute said resolution. Passed and approved this 10`x' day of January, 2017. AYES: Beer, Daly, Kell, Volk, and Wainwright NAYS: None gurnell Mayor ATTEST: �/w/ze � . C nthia K. Stimson, City Clerk/Treasurer ,r,�,rgarath i Y ;r