HomeMy WebLinkAbout1971-1291 ORDINANCE NO. 1:
AN ORDINANCE appropriating the amount of $28,024,03 within 382 -
Cumulative Reserve Fund for Capital Improvements and
transferring that amount from that fund to 371- Airport
Improvement Fund; appropriating the amount of $28,024.03
to appropriate accounts within 371 - Airport Improvement
. Fund to repay a loan to that fund from 463 - Water -Sewer
Fund.
WHEREAS, pursuant to Resolution No. D- 1335 adopted April.14,
1969, the principal amount. of $30,000 was loaned from 463-Water-
Sewer Fund to 371 - Airport Improvement Fund to purchase real property
for expansion of the Yakima Municipal Airport, and
WHEREAS, money is available in 382 - Cumulative Reserve Fund for
Capital Improvements for appropriation therein and for transfer to
371 - Airport Improvement Fund for appropriation therein to repay the
loan to that fund from 463 - Water -Sewer Fund, all as contemplated and
authorized by this ordinance in accordance with applicable budget
laws, including Chapter 3.80, "Cumulative Reserve Fund for Capital
Improvements", of the City of Yakima Municipal Code, and
WHEREAS, at the time of the adoption of the 1971 budget, it
could not reasonably have been foreseen that the transfer and appro-
priations provided for herein would be required, and the City Council
finds that the best interests of the City require that such transfer
and appropriations be made, now, therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA;'
Section 1. The amount of $28,024.03 is hereby appropriated with-
in 382- Cumulative Reserve Fund for Capital Improvements for transfer
to 371- Airport Improvement Fund for appropriation therein to repay a
loan to that fund from 463 - Water -Sewer Fund, as that loan was origi-
• nall authorized by Resolution No. D-1335, adopted A
y y 5, pte April 14, 1969.
Section 2. The amount of $28,024.03, appropriated by Section 1
of this ordinance, is hereby transferred from 382- Cumulative Reserve
Fund for Capital Improvements to 371- Airport Improvement Fund for the
purpose mentioned in Section 1 of this ordinance.
Section 3. The amount of $28,024.03 so transferred to 371 -
Airport Improvement Fund is hereby appropriated to the accounts and
classifications therein in amounts as follows
Classtf ication Account Amount
• Debt Service 371.543.21.711,
principal $26,700.00
Debt Service 371.543.21.72,
interest 1,324.03
all of the 1971 appropriation for 371 - Airport Improvement Fund.
Section 4. The Director of Finance and City Treasurer of the
City of Yakima are hereby authorized to make the necessary transfers
to carry out this ordinance.
Section 5. This ordinance is one making an appropriation and
shall take effect immediately upon its passage, approval and publica-
tion as provided by law and by the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 22nd day
of March, 1971.
411
'
Mayor
ATTEST:
City Clerk
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