HomeMy WebLinkAboutCity Council Resolution 1993-130CITY OF PLYMOUTH
RESOLUTION NO.93- 130
ESTABLISHING INDIVIDU-L FUNDS FOR THE VARIOUS RESERVES
WITHIN THE PERMANENT IMPROVEMENT REVOLVING FUND
WHEREAS, the Permanent Improvement Revolving Fund (PIR) has individual
reserves within the fund: the Permanent Improvement Reserve, the
Infrastructure Reserve and the Storm Sewer Improvement Tax District Reserve,
and
WHEREAS, these individual reserves no longer have direct relation to other
reserves within the fund, and
WHEREAS, the accounting and financial reporting would be improved if these
reserves were established as individual funds.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA, that the Finance Director is hereby directed to establish
individual funds for each of the individual reserves within the PIR Fund.
Adopted by the City Council on March 1, 1993