HomeMy WebLinkAbout1996-26-01.16.1996 RESOLUTION NO. 1996-26
RESOLUTION TRANSFERRING FROM THE TRUST AND
AGENCY FUND THE SUM OF ONE MILLION SEVEN
HUNDRED TWENTY-NINE THOUSAND SEVEN HUNDRED
NINETY-ONE DOLLARS AND SEVEN CENTS
( $1 ,729 ,791 . 07 ) TO THE GENERAL FUND AND THE
SUM OF TWO HUNDRED SEVENTY-NINE THOUSAND ONE
HUNDRED EIGHTY-THREE DOLLARS AND THIRTY-EIGHT
CENTS ($279 ,183 . 38 ) TO THE ROAD USE TAX FUND.
WHEREAS, the City Council passed the 1996 Fiscal Budget on
March 14, 1995 allocating $3 , 288,700. 00 to the General Fund and the
Road Use Tax Fund for the City' s share of Insurance, FICA and
IPERS.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WATERLOO, IOWA, that a transfer be made for the amount of
$1, 729,791 . 07 from the Trust and Agency Fund to the General Fund
and a transfer be made for the amount of $279, 183 . 38 from the Trust
and Agency Fund to the Road Use Tax Fund for Insurance, FICA and
1PERS costs as allowed by Section 384. 12 of the State Code of Iowa.
PASSED AND ADOPTED this 16th day of January, 1996.
John 4;' or
ATTEST:
us an Fangman, Ci Cler
96--1 54