HomeMy Public PortalAbout1992_09_08_R170The Town of
Leesburg,
.rgtnta
RESOLUTION NO.
A RESOLUTION:
PRESENTED September 8, 1992
92-170 ADOPTED September 8, 1992
ESTABLISHING A POLICY REQUIRING BUDGETS AND FINANCIAL
STATEMENTS FROM ORGANIZATIONS RECEIVING TOWN FUNDS
WHEREAS, several organizations in Leesburg are authorized to receive town funds in the town's
approved budget for fiscal year 1993; and
WHEREAS, formal requirements should be placed on the organizations to account for their use of
town funds; and
WHEREAS, the Town Council desires that the town's non-departmental funds be utilized in a manner
that benefits the town's citizens:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
Organizations receiving contributed town funds must provide the town's finance department a current
budget and financial statement in a format acceptable to the Town Council.
PASSED this 8th day of September, 1992.
mes E. Clem, Mayor
Town of Leesburg
Aq'TEST:
Clerk of Council
R:Policy-Req.