HomeMy WebLinkAbout1994-71-03.07.1994 RESOLUTION NO. 1994-71
RESOLUTION TRANSFERRING FROM THE TRUST AND
AGENCY FUND THE SUM OF SEVEN HUNDRED FIFTY-
EIGHT THOUSAND SEVEN HUNDRED SEVENTY-THREE
DOLLARS AND ONE CENT ( $758,773 . 01) TO THE
GENERAL FUND AND THE SUM OF ONE HUNDRED TWENTY
THOUSAND THREE HUNDRED EIGHTY-FOUR DOLLARS AND
SEVENTY-SEVEN CENTS ( $120, 384 .77 ) TO THE ROAD
USE TAX FUND.
WHEREAS, the City Council passed the 1994 Fiscal Budget on
February 23, 1993 allocating $3,280,260 . 00 to the General Fund and
$500, 000. 00 to 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
$758,773 . 01 from the Trust and Agency Fund to the General Fund and
a transfer be made for the amount of $120,384.77 from the Trust and
Agency Fund to the Road Use Tax Fund for Insurance, FICA and IPERS
costs as allowed by Section 384. 12 of the State Code of Iowa.
PASSED AND ADOPTED this 7th day of March, 1994.
Jo R. ooff r, Mayo
ATTEST:
Tom Cam ell, ting Clerk/Auditor