HomeMy WebLinkAbout1993-715-12.13.1993 RESOLUTION NO. 1993-715
RESOLUTION TRANSFERRING FUNDS FROM THE SOLID
WASTE MANAGEMENT FUND IN THE AMOUNT OF FIVE
HUNDRED SIXTY-ONE THOUSAND THREE HUNDRED AND
EIGHTY-EIGHT DOLLARS ( $561,388) TO THE ROAD
USE TAX FUND.
WHEREAS, as an annual audit of the finances of the City of
Waterloo was conducted by the independent auditing firm of Hogan-
Hansen for the year ending June 30, 1992 and subsequently for the
year ending June 30 , 1993 and having found that the City of
Waterloo has incorrectly accounted for the costs of street cleaning
services in the Solid Waste Management Fund which is not in
accordance with Generally Accepted Accounting Principles, and
WHEREAS, as Resolution No. 1993-714 was passed and adopted to
make the necessary corrective reclassification of street cleaning
expenses to the Road Use Tax Fund.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WATERLOO, IOWA, that a transfer be made retroactively to July 1,
1992 for the amount of $396 , 559 from the Solid Waste Management
Fund ( #525) to the Road Use Tax Fund to fund street cleaning costs
expended prior to July 1 , 1992.
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, IOWA, that a transfer be made for the amount of $164, 829
from the Solid Waste Management Fund ( #525) to the Road Use Tax
Fund to fund street cleaning costs expended for the year ending
June 30, 1993 .
BE IT FURTHER RESOLVED that the Deputy Clerk/Auditor be
instructed to certify a copy of this resolution to the Treasurer of
the City of Waterloo, Iowa, in order that said transfers be made.
PASSED AND ADOPTED this 13th day of December, 1993 .
Albert
Manning, Jr. , yor
ATTEST:
Tom Cam ell, puty Clerk/Auditor