HomeMy WebLinkAbout1993-714-12.13.1993 RESOLUTION NO. 1993-714
RESOLUTION TRANSFERRING AND RECLASSIFYING
EXPENDITURES 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.
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 ( 4525) to the Road Use Tax Fund to correctly account for
street cleaning costs expended prior to July 1, 1992, in compliance
with Generally Accepted Accounting Principles.
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WATERLOO, IOWA, that cash disbursements for street cleaning
activities for the fiscal year ended June 30, 1993 , be moved for
the amount of $164, 829 from the Solid Waste Management Fund ( #525)
to the Road Use Tax Fund to correctly account for street cleaning
costs expended for the year ending June 30, 1993 in compliance with
Generally Accepted Accounting Principles.
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 .
aegfin.
Albert C. Manning, Jr. , Ma/c
ATTEST:
Tom Ca bell Xputy Clerk/Auditor