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- 6 - <br /> <br />liabilities) and do not involve measurement of results <br />of operations. Agency Funds are merely clearing <br />accounts and have no fund equity. <br /> <br />As of the adoption date of this chapter there is no <br />need for the establishment of a fund(s) under this <br />classification. <br /> <br />10.11.3 Interfund Loans. <br /> <br /> Loans are transfers of equity from one fund to another with <br />the intention of repayment. Ail interfund loans shall be <br />approved by Council resolution. The resolution shall state the <br />amount of the loan, the interest rate and the repayment period. <br /> <br />10.11.4 Fund Abolishment. <br /> <br /> No Fund created by this chapter may be abolished except by a <br />properly enacted Ordinance. <br /> <br />10.11.5 Effective Date. <br /> <br /> This ordinance becomes effective thirty (30) days after its <br />publication subject to City Charter section 5.07. <br /> <br /> PASSED by the City Council of the City of Ramsey, Minnesota <br />this 23rd day of October, 1984. <br /> <br />Mayor <br /> <br />Introduction date: October 9, 1984 <br />Posting dates: October 10, 1984- October'24, 1984 <br />Adoption date: October 23~ 1984 <br />Publication date: November 2, 1.98.4 ..... <br />Effective date: December 2, 1984 <br /> <br /> <br />