01/12/2010 Resolutions 2010-22RESOLUTION 2010-22
WHEREAS, the display ofthe Golf Fund in the audited financials ofthe CityofGrand
Island results in the Fund meeting the definition of a Fund for Nebraska Budget Act 13-510; and
WHEREAS, the Golf Fund as of December 31, 2009 is projected to have a negative
Total Net Assets balance; and
WHEREAS, Nebraska Budget Act 13-510 allows for the transfer ofmoney from other
funds to such fund in which there is temporarily insufficient money to meet the requirements of the
adopted budget of expenditures; and
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL
OF THE CITY OF GRAND ISLAND, NEBRASKA, that:
The Finance Director is hereby authorized and directed to transfer $329,000 from the General
Fund to the Golf Fund to provide adequate money to meet the requirements of the adopted budget
of expenditures for that Fund.
Adopted by the City Council of the City of Grand Island, Nebraska, January 12, 2010.
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Margare ornady, Mayor ~
Attest:
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RaNae Edwards, City Clerk
Approved as to Form d
January 13, 2010 n City Attorney