HomeMy WebLinkAboutCity Council Resolution 1998-163CITY OF PLYMOUTH
RESOLUTION NO. 98-163
TRANSFERRING FUNDS FROM GENERAL FUND TO PROJECT ADMINISTRATION
FUND
WHEREAS, fiinds are required to assist with financing the fiiture HACA loss on the proposed
Senior Citizens project; and
WHEREAS, the General Fund has fiinds available to assist with the financing of the proposed
HACA loss; and
WHEREAS, the City Council reviewed the recommendation from the Finance Director to
transfer $154,800 from the General Fund to the Project Administration Fund;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE
CITY OF PLYMOUTH, MINNESOTA, that the Finance Director is hereby directed to transfer
$154,800 from the General Fund to the Project Administration Fund HACA Reserve Account.
Further that the transfer is to be made effective December 31, 1997 for the 1997 accounting year.
Adopted by the City Council on March 4, 1998.