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RESOLUTION NO.g023—� I S
<br /> RESOLUTION AUTHORIZING THE CITY OF DECATUR TO PROVIDE AN
<br /> INTERFUND CASH ADVANCE TO CERTAIN FUNDS TO AFFECT A POSITIVE
<br /> CASH POSITION AS OF THE CLOSE OF BUSINESS AS OF DECEMBER 31,2023
<br /> WHEREAS,Funds of the City must have monies in an amount to affect a positive cash
<br /> position at the close of business as of December 31, 2023, for the purpose of defraying incurred
<br /> expenditures during the fiscal period; and,
<br /> WHEREAS, certain city funds may be in a position due to unforeseen circumstances to
<br /> not have a positive cash position as of December 31, 2023, it is necessary for the City of Decatur
<br /> to provide an interf ind cash advance to these certain funds.
<br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR,
<br /> ILLINOIS:
<br /> Section 1. That an Interf ind Cash Advance in the amount of$25,000 to affect a positive
<br /> cash position at the close of business as of December 31, 2023, to the Community Grant Fund of
<br /> the City of Decatur, Illinois,be, and the same is hereby, received,placed on file, and approved.
<br /> Section 2. That an Interfund Cash Advance in the amount of$200,000 to affect a positive
<br /> cash position at the close of business as of December 31, 2023, to the CDBG Fund of the City of
<br /> Decatur, Illinois, be, and the same is hereby, received,placed on file, and approved.
<br /> Section 3. That an Interfund Cash Advance in the amount of no more than $482,509 to
<br /> affect a positive cash position at the close of business as of December 31, 2023, to the 2018
<br /> Bond Fund of the City of Decatur, Illinois,be, and the same is hereby, received,placed on file,
<br /> and approved.
<br /> Section 4. That an Interfund Cash Advance in the amount of$1,000,000 to affect a
<br /> positive cash position at the close of business as of December 31,2023, to the Public Transit
<br /> Fund of the City of Decatur, Illinois, be, and the same is hereby, received,placed on file, and
<br /> approved.
<br /> Section 5. That an Interfund Cash Advance in the amount of unspent pay and benefit
<br /> amounts from the General Fund in excess of the 90-day reserve to affect up to a$2,000,000
<br /> positive cash position at the close of business as of December 31,2023, to the Insurance Fund of
<br /> the City of Decatur, Illinois, be, and the same is hereby,received,placed on file, and approved.
<br /> Section 6. That an Interfund Cash transfer in the amount of$2,000,000 from the General
<br /> Fund's special projects reserve to be transferred into the Capital Projects Fund of the City of
<br /> Decatur, Illinois,be, and the same is hereby, received,placed on file, and approved.
<br /> Section 7. That an Interfund Cash Advance in the amount of$300,000 to affect a positive
<br /> cash position at the close of business as of December 31, 2023, to the Recycling Fund of the City
<br /> of Decatur, Illinois, be, and the same is hereby, received,placed on file, and approved.
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