1989-07 Transferring Investment Earnings Between Capital Project Funds.KODIAK ISLAND BOROUGH
RESOLUTION NO. 89 -07 -R
A RESOLUTION OF THE KODIAK ISLAND BOROUGH TRANSFERRING
INVESTMENT EARNINGS BETWEEN CAPITAL PROJECT FUNDS
WHEREAS, the Assembly of the Kodiak Island Borough has
appropriated certain fixed sums of money and budgeted those monies to
complete specific projects, and
WHEREAS, over the life of various capital projects, both bonded
and funded with state grants, many annual appropriations have appropriated
monies to be realized from investment earnings, and
WHEREAS, in Fund 45 interest earnings will exceed the budgeted
amount by approximately $300,000 and in Fund 47 interest earnings will fall
short of the budgeted amount by approximately $300,000, and
WHEREAS, such earnings have been nearly on projection in total
but not in the fund projected;
NOW, THEREFORE, BE IT RESOLVED that staff is hereby
authorized and directed to transfer $ of cash from investment
earnings from Fund (045) Capital Projects School Bonds to (047) State Capital
Grants.
BE IT FURTHER RESOLVED, that staff is authorized and directed
to effect the necessary line item changes within the limits established above
by project to properly monitor, account and report for the expenditures of
these funds.
!Resolution No. 89 -07 -R
!Page 1 of 1
By:
Recommended by:
Introduced:
Amended:
Adopted:
PASSED AND APPROVED THIS 16th DAY OF FEBRUARY, 1989.
KODIAK ISLAND BOROUGH
Borough Mayor
Finance Officer
2/16/89
2/16/89
2 /16/89