HomeMy Public PortalAbout1995-26 Capital Improvement Fund establishmentAPPROVED AS TO
STEPHENVJ. HEL
RESOLUTION NO. 95-26
A RESOLUTION OF THE VILLAGE OF KEY BISCAYNE,
FLORIDA; ESTABLISHING A CAPITAL IMPROVEMENT
FUND; PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, to expand the accounting capabilities of the Village,
Rachlin, Cohen and Holtz, the Village's auditors, have recommended
the establishment of a "Capital Improvement" fund which shall be
used to account for the activities and transactions for the capital
projects that the Village contemplates;
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF KEY
BISCAYNE AS FOLLOWS:
Section 1. That the Village Manager, or his designee, is
hereby directed to establish a "Capital Improvement" fund.
Section 2. This resolution shall take effect immediately upon
adoption.
PASSED AND ADOPTED this 25th day of July , 1995.
ATTEST :
IDO H.JZNGUANZO, JR., VILLAGE CLERK
4ND LEGAL SUFFICIENCY:
vtLLAGE ATTORNEY
OR JOHN F. FESTA