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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