HomeMy WebLinkAboutRES 2389 CITY OF RENTON, WASHINGTON
RESOLUTION NO. 2389
WHEREAS it is necessary and advisable to transfer the
below specified funds to facilitate the cash flow and such transfer
being necessary and in the public interest and for the public
benefit, NOW THEREFORE
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO
RESOLVE AS FOLLOWS :
SECTION I: The director of Finance is hereby authorized =y
and directed to make the following transfers :
See Exhibit "A" attached hereto and made a part
hereof as if fully set forth herein
PASSED BY THE CITY COUNCIL this 23rdday of March, 1981 .
Delores A. Mead, Gity Clerk
APPROVED BY THE MAYOR this 23rd day of March, 1981
Barbara Y, Shinpoch,, Mayor
Approved as to form:
Lawrence J.-Marren : ',Y
EXHIBIT "A"
RESOLUTION NO. 2389
TRANSFER MAJOR PORTION OF 1981 UTILITY TAX REVENUE ESTIMATES FROM
CURRENT FUND TO PARK, STREET AND LIBRARY FUNDS AND TRANSFER EQUAL
AMOUNT OF PROPERTY TAX REVENUE ESTIMATES FROM PARK, STREET AND LIBRARY
FUNDS TO CURRENT FUND. PURPOSE IS TO HELP THE CASH FLOW IN PARK,
STREET AND LIBRARY FUNDS. UTILITY TAX REVENUE IS RECEIVED MONTHLY
AND MAJORITY OF PROPERTY TAX REVENUE IS NOT RECEIVED UNTIL JUNE AND
DECEMBER.
TRANSFER FROM:
CURRENT FUND REVENUE ESTIMATES:
Utility Tax/Electric
a/c 000/316.41.00 -------=-------------- $743,698.75
Utility Tax/Gas .
a a/c 000/316.43.00 ---------------------- 5489957.69
Utility Tax/Telephone & Telegraph
"y a/c 000/316.47.00 ---- ------------------ 342,159.98 $1,634,816.42
PARK FUND REVENUE ESTIMATE:
Real & Personal Property Taxes
a/c 101/311.10.00 --------------------------------- 743,698.75
STREET FUND REVENUE ESTIMATE:
Real & Personal Property Taxes
a/c 103/311.10.00 ----------------------------------- 548,957.69
LIBRARY FUND REVENUE ESTIMATE:
Real & Personal Property Taxes
a/c 106/311.10.00 --------------------=-------------- 342, 159.98
TOTAL TRANSFER FROM ABOVE FUND REVENUE ESTIMATES -------- $3,2692632.84
TRANSFER UNTO:
CURRENT FUND - .Real & Personal Property Taxes
a/c 000/311.16 00 ---------------------- $1 ,634,816.42
PARK FUND ---- Utility Tax/Electric
a/c 101/316.41.00 ---------------------- 743,698.75
STREET FUND -- Utility Tax./Gas
a/c 103/316.43.00 ---------------------- 548,957.69
LIBRARY FUND - Utility Tax/Telephone & Telegraph
a/c 106/316.47.00 ---------------------- 342,159.98
TOTAL TRANSFER UNTO ABOVE FUND REVENUE ESTIMATES -------- $3, 269,632.84