HomeMy WebLinkAbout77-88 - Interfund LoanRESOLUTION NO. 77 -88
|NTERFUND LOAN
A RESOLUTION relating to an interfuou loan from Current Expense to
Water Oua!ity Fund.
WHEREAS, the Mason County Water Ouality Fund requires a loan to
supplement its cash flow until Washington State Department of Ecology
reimbursements are received; and
VVMEREAS, it is preferable to finance such a |wan with internal
County funds,
NOW, THEREFORE, BE I RESOLVED by the Board of Mason County
Commissioners that an intorfund loan not to exceed $1,540.00 be
established an fn||"wo-
Amount- From Current Expense
Tnrmo:
*1.540.00
(a) Annual |ntoroo| Rate of 0.50%
(b) Term o/ loan not to exceed V1.540.00
(n) Payment back to Current Expense upon receipt of
reimbursement from Washington State Department of
Eoo|ogy
ADOPTED this 27ih day of September, 1888.
ATTEST:
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/~~- _~`
Clerk of the Board
' `PROVED AS TO FORM
|
Deputy Prosecutor
Mason County
mo: Coomro
Accounting Dept (2)
Treasurer
Water Quality Fond
BOARD OF COUNTY COMMISSIONERS
MASON COUNTY, VVA8H|N6T0N
Chairperson
�iboon
Commissioner k8cGoo