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Fort Walton Beach Resolution — 61-44-Transfer Funds to General Fund — reading text
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RESOLUTION 64-4°
A RESOLUTION AUTHORIZING AND DIRECTING THE CITY
MANAGER AND FINANCE DIRECTOR TO TRANSFER $100,000
FROM THE GENERAL IMPROVEMENTS FUND TO THE GENERAL
FUND, PROVIDING FOR REPAYMENT, DECLARING AN
EMERGENCY AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, THe City oF ForRT WALTON BEAGH, FLORIDA, HAS NOT COLLECTED
REVENUES SUFFICIENT FOR THE OPERATION OF THE CITY AT THIS TIME, AND
WHEREAS, THE CITY HAS AVAILABLE TO IT FROM THE GENERAL IMPROVEMENTS
FUND MONIES WHICH WELL NOT BE NEEDED IN THE IMMEDIATE FUTURE,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WALTON BEACH, FLORIDA:
SECTION {: THatT THE CiTyYy MANAGER AND THE FINANCE DIRECTOR BE AND
THEY ARE HEREBY AUTHORIZED AND DIRECTED TO TRANSFER FROM THE GENERAL
IMPROVEMENTS FUND To THE GENERAL FuND $100,000 as A TEMPORARY LOAN
TO BE REPAID AS NEEDED IN THE GENERAL IMPROVEMENTS FUND ON OR BEFORE
TWO YEARS FROM DATE.
SECTION 2: THAT IN ORDER TO PROVIDE FOR IMMEDIATE PRESERVATION OF
THE PUBLIC PEACE, HEALTH, SAFETY AND WELFARE, THIS RESOLUTION 1S
HEREBY DECLARED TO BE AN EMERGENCY MEASURE AND SHALL TAKE EFFECT
IMMEDIATELY UPON ITS PASSAGE AND APPROVAL BY THE MAYOR.
ADOPTED CE be OL76 /
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