01/26/2010 Resolutions 2010-31RESOLUTION 2010-31
WHEREAS, the Debt Service Fund meets the definition of a Fund for Nebraska
Budget Act 13-510; and
WHEREAS, the Debt Service Fund as of December 31, 2009 has a negative 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 ofthe
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 $91,000 from the General Fund
to the Debt Service 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 26, 2010.
Margare Hornady, Mayor
Attest:
~0,.1 l o-Q- ~L
RaNae Edwards, City Clerk
Approved as to Form n
January 25, 2010 n City Attorney