HomeMy WebLinkAbout80-14 - Res. Interfund Loan from ER&R to Current ExpenseRESOLUTION NO. St) � � J
INTERFUND LOAN FROM ER&R TO CURRENT EXPENSE
WHEREAS, the Mason County Current Expense Fund received a payment from the
ER&R Fund for returned vehicles in 2010, and
WHEREAS, the Mason County Current Expense Fund receives revenue on a monthly
basis, and
WHEREAS, the Mason County Current Expense Fund will repay the vehicle cash out to
the ER&R Fund as an interfund loan.
NOW THEREFORE BE IT RESOLVED, by the Mason County Board of County
Commissioners that an interfund loan to the Mason County Current Expense Fund be established
as follows:
FROM: Mason County Equipment Rental & Revolving Fund
#501-000-000
TO: Mason County Current Expense Fund
#001-000-000
TERMS: Annual Interest Rate: 2.09%
Principal Amount: $348,672
Loan Duration: Three Years
Debt Repayment: Annual
Reviewed and Approved by:
APPROVED this
ATTEST:
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Elisabeth Frazier, Mason County Treasurer
Jule Almanzor, Clerk of the
APPROVED AS TO FORM:
Tim Whitehea ,Chief Deputy Prosecuting Attorney
day of (Pinter , 2014.
BOARD OF COUNTY COMMISSIONERS
MASON COUNTY, WASHINGTON
4�.
Terri Jeffreys,
Randy Neatherlin, Commissioner
Tim Sheldon, Commissioner
C: Auditor
Treasurer