HomeMy Public PortalAboutResolution #2016-04, A Resolution Authorizing The Transfer Of Funds For The Fiscal Year 2015-2016 RESOLUTION##2016-4
A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FOR THE
FISCAL YEAR 2015-2016
WHEREAS,the City of Riverdale has operational transfers that are budgeted to be made;
and
WHEREAS,the City Council of the City of Riverdale, Iowa,wishes to make the needed
transfers; and
WHEREAS,the City Clerk/Treasurer has submitted the following list of transfers
needed.
Section 1.That the City Clerk is hereby authorized to transfer$16,693.00 from the TIF Urban Renewal
Fund to the General Fund.
Section 2. That the City Clerk is hereby authorized to transfer$95,000.00 from the Local Option Fund to
The General Fund.
NOW,THEREFORE,BE IT RESOLVED,by the City Council of the City Riverdale, Iowa,that
the City Clerk/Treasurer is directed to make these recommended transfers.
BE IT FURTHER RESOLVED,that the Mayor and City Clerk/Treasurer are hereby authorized
and directed to execute said resolution.
PASSED,APPROVED AND ADOPTED THIS 1 of March,2016, by the following vote:
Ayes: Channon,Hupp, Seaberg,Littrel Nays:
Absent: Halsey
ATTEST:
e 414/..lbh
Sonya Pa dock,Mayor Paula McIntosh, City Clerk