Laserfiche WebLink
§ 3.40 <br /> <br />need for the establishment of a fund(s) under this <br />classification. <br /> <br />2. Agenc~- Funds, <br /> Agency Funds shall be custodial funds (assets equal <br /> liabilities) and do not involve measurement of results of <br /> operations, Agency funds are merely clearing accounts and <br /> have no fund equity. There is no need for the establishment <br /> of a fund(s) under this classification. <br /> <br />Interfund loans. Loans are transfers of equity from one fund to <br />another with the intention of repayment. Ali inter-fund loans <br />shall be approved by Council resolution. The resolution shall <br />state the amount of the loans, the interest rate and the repayment <br />period. <br /> <br />Fund abolishment, No Fund created by this chapter may be <br />abolished except by a properly enacted Ordinance. <br /> <br />Note <br /> <br /> Established by Ordinance 84-13, October 23, <br />1984. <br /> <br /> Ord. 85-4 amendment to ad_~3.40.02 Subd. 1, <br />Paragraph b3 establishing the Landfill <br />T~pping Fee Fund. <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> I <br /> I <br /> <br /> <br />