HomeMy WebLinkAbout1971-1290 ORDINANCE NO. 1=X
AN ORDINANCE appropriating the amount of $19,722 within 382-
Cumulative Reserve Fund for Capital Improvements, and
transferring that amount from that fund to 171-Airport
Fund; appropriating $19,722 to appropriate accounts
within 171 - Airport Fund to repay a loan to that fund
from 172 - Transit Fund.
WHEREAS, pursuant to Ordinance No 1157, passed August 25, 1969,
and Ordinance No. 1233, passed July 27, 1970, the total principal
amount of $18,500 was loaned from 172 - Transit Fund to 171- Airport
Fund to pay for capital improvements at the Yakima Municipal Airport,
and
WHEREAS, money is available in 382 - Cumulative Reserve Fund for
Capital Improvements for appropriation therein and for transfer to
171 - Airport Fund for appropriation therein to repay loans to that
fund from 172 - Transit 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
411 time adoption of the 19 1 budget, WHEREAS, at the time of the a opt f t e 7 g , 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 $19,722 is hereby appropriated within
382 - Cumulative Reserve Fund for Capital Improvements for transfer to
171 - Airport Fund for appropriation therein to repay loans to that fund
from 172 - Transit Fund, as those loans were originally authorized by
Ordinance No. 1157, passed August 25, 1969, and Ordinance No. 1233,
passed July 27, 1970.
Section 2. The amount of $19,722, appropriated by Section 1 of
this ordinance, is hereby transferred from 382 - Cumulative Reserve Fund
for Capital Improvements, to 171 - Airport Fund for the purpose men-
tioned in Section 1 of this ordinance.
. ,
Section 3. The amount of $19,722 so transferred to 171-Airport
Fund is hereby appropriated to the accounts and classifications there-
in in amounts as follows:
Classification -Account Amount
III Debt Service
171.543.21.71, Principal
171.543.21.72, Interest 18,500
Debt Service
1,222
all of the 1971 appropriation for 171-Airport 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.
• IIP )7 , 0"
-,i-d.-- - (
0 Mayor
,
ATTEST:
City Clerk
III
-2-