HomeMy WebLinkAbout99-93 - Res. Interfund Loan from Current Expense to Water Quality ril
RESOLUTION NO.
INTERFUND LOAN
A RESOLUTION RELATING TO AN INTERFUND LOAN FROM CURRENT EXPENSE
TO WATER QUALITY, a special revenue fund.
WHEREAS, It is the intent of the Board of the Totten/Little Skookum Clean Water District
(TLS CWD) to contract for services with Water Quality, and
WHEREAS, the mechanism for implementing this contract is not in place, and
WHEREAS, Water Quality is in need of operating capital to continue implementing
programs within the TLS CAID,
NOW, THEREFORE, BE IT RESOLVED by the Board of Mason County Commissioners
that an interfund loan be established as follows:
From: Current Expense
To: Water Quality
Terms: Annual Interest Rate: 5.5%
Principal amount: $60,000
Duration: 3 Months
Method of Repayment: In full upon completion and implementation of
contract agreement between Water Quality and the
Totten/Little Skookum Clean Water District.
Purpose: To provide operating cash for ongoing Water Quality work for the
Totten/Little Skookum Clean Water District.
I
RESOLVED this day of Le, 1993
r
BOARD OF MASON COUNTY COMMISSIONERS
ATTEST:
William O. Hunter
Chairperson
Clerk of the Board
Laura E. Porter
Commissioner A�PPROVED AS TO FORM:
IN,
M. L. Faugherder Mason County Prosecuting Attorney
Commissioner
C: WATER QUALITY
AUDITOR (2)
TREASURER
FILE