HomeMy WebLinkAbout1974-1643 ORDINANCE NO.
AN ORDINANCE authorizing a temporary loan of the amount of $12,000
from 473-Water-Sewer Fund to 462-Transit Fund and
providing for repayment; appropriating the amount
of $42,000 from unappropriated money in 462-Transit
Fund to various accounts therein as 1974 appropriations
01/ for 462-Transit Fund.
WHEREAS, the amount of $42,000 must be appropria ted within
462-Transit Fund for expenditure during the current calendar year
to accommodate increased transit patronage, and
WHEREAS, 462-Transit Fund contains unappropriated money in
the amount of $11,200 available for appropriation as provided herein,
and the amount of $18,800 is anticipated to be received from increased
revenue during the current calendar year to be available for appro-
priation as provided herein, and the amount of $12,000 must be loaned
to the Transit Fund so that the total amount available for appro-
priation as provided herein will be $42,000, and
WHEREAS, 473-Water-Sewer Fund contains uninvested cash in the
amount of $12,000 available for investment by making a temporary
loan to 462-Transit Fund to be repaid with interest as provided
herein, and
WHEREAS, at the time of the adoption of the 1974 Budget it
could not reasonably have been foreseen that such additional appro-
priation would be required; and the City Council finds that an
emergency exists of the type contemplated by R.C.W. 35.33.091 and
that it is in the best interests of the City to make the appropriation
herein provided, now, therefore,
BE IT ORDAINED BY THE CITY OF YAKIMA:
111 Section 1. The amount of $12,000 is hereby transferred and
loaned from 473-Water-Sewer Fund to 462-Transit Fund, such loan to
be repaid to 473-Water-Sewer Fund from 462-Transit Fund on or before
April 1, 1975, together with interest at the rate of 5 per annum.
Section 2. As the loan authorized by Section 1 above becomes
effective, the amount of $42,000 is hereby appropriated from un-
appropriated money in, and anticipated to be received in, 462-
1110 Transit Fund, to the following accounts in the following respective
amounts:
Account No. Amount
462.546.33.11.100 Salaries and Wages $5,500
462.546.33.64 Machinery and Equipment
36,500
Total $42,000
as 1974 appropriations for 462-Transit Fund.
Section 3. The Director of Finance and City Treasurer of
the City of Yakima are hereby authorized to make the necessary
transfer to carry out this ordinance.
• Section 4. This ordinance is one making appropriations and
shall take effect immediately upon its passage, approval and publi-
O cation as provided by law and by the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this
day ofAri 1974.
Mayor
ATTEST:
Cif Clerk
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