HomeMy WebLinkAboutR-1988-048 RESOLUTION NO. 48-88
A RESOLUTION AUTHORIZING THE TEMPORARY TRANSFER
OF $200, 000 FROM THE WATER FUND TO THE GENERAL
FUND; AND PROVIDING FOR REPAYMENT OF SAME; AND
PROVIDING THAT ALL RESOLUTIONS OR PARTS OF RESO-
LUTIONS IN CONFLICT HEREWITH ARE REPEALED TO THE
EXTENT OF SUCH CONFLICT; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the cash flow for the General Fund of the City of
Dania, Florida, for the fiscal year 1987-1988 is presently less
than anticipated resulting in a temporary deficiency in said fund
to meet the obligations of the city for the maintenance and
carrying on of the government of the city, and
WHEREAS, in order to meet said obligations it is necessary to
temporarily transfer funds from other accounts to the General Fund
and
WHEREAS, the city has anticipated General Fund revenues
sufficient to repay such transfered funds ,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA, FLORIDA:
Section L. That the pertinent officials of the City of Dania
be and the same are hereby authorized to temporarily transfer
$200, 000 from the Water Revenue Fund to the General Fund and
directing that such withdrawal be repaid as soon as sufficient
General Fund revenues are received for such repayment.
Section 2. That all resolutions or parts of resolutions in
conflict herewith are repealed to the extent of such conflict .
Section 3. That this resolution shall be in force and take
effect immediately upon its passage and adoption .
PASSED and ADOPTED this 27th day of September, 1988.
MAYOR �C MMISB; ONY ER
ATTEST:
CITY CLERK -AUDITOR
Approved as to Form and Correctness
By .�irac.sl/ (�V �- I
CITY ATTORNEY FRANK C. ADLER 1