HomeMy WebLinkAboutO-0802 - Golf course revenue fund increase (Special)ORDINANCE NO gOl.
AN ORDINANCE OF THE CITY OF MARYSVILLE
INCREASING THE BUDGET FOR THE GOLF
COURSE REVENUE FUND AND THE CAPITAL
IMPROVEMENT FUND
WHEREAS,the budget for the Golf Course Revenue Fund pro-
vldes for $17,000 00 to be transferred to the Capltal Improvement
Fund,and lt appears from the lnvestments and cash on hand belng
prevl0usly estlmated from the prl0r year there wlll be approxlmately
an addItIonal $48,000 00 WhlCh would be In the best Interests of the
CIty to transfer to the Capltal Improvement Fund,
NOW,THEREFORE,the Clty CouncIl of the CIty of MarysvIlle
DO ORDAIN AS FOLLOWS
Sectl0n I That the Golf Course Revenue Fund "Cash on Hand"
(estImated)be and the same lS hereby lncreased by $48,000 00,or to
$83,000 00,and that the expendlture Item of "Transfer to the CapItal
Improvement Fund"be and the same IS hereby Increased by $48,000 00,
or to $65,000 00.
Sectlon 2.That the budget for the golf Course Improvement
Fund be and the same IS hereby Increased to $65,000.00.
SectIon 3.That an afflrmatlve vote of the maJorlty of the
councl1 plus one shall be requlred to pass thlS ordlnance
SectIon 4 ThlS Ordlnance shall take effect from and after
passage and flve (5)days followIng Its publlcatlon as requlred by
law
PASSED by the Clty Councl1 of the CIty of MarysvIlle thlS
/.J day of
ATTEST
tf(r'ttl/I~
THE CITY OF MARYSVILLE
BY~;;iLAayor