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R2023-275 Resolution Authorizing the City of Decatur to Provide an Interfund Cash Advance to Certain Funds to Affect a Positive Cash Position as of the Close of Business as of December 31, 2023
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R2023-275 Resolution Authorizing the City of Decatur to Provide an Interfund Cash Advance to Certain Funds to Affect a Positive Cash Position as of the Close of Business as of December 31, 2023
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12/20/2023 1:57:41 PM
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12/20/2023 1:57:40 PM
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Resolution/Ordinance
Res Ord Num
R2023-275
Res Ord Title
R2023-275 Resolution Authorizing the City of Decatur to Provide an Interfund Cash Advance to Certain Funds to Affect a Positive Cash Position as of the Close of Business as of December 31, 2023
Department
Finance
Approved Date
12/18/2023
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Section 8. That the City Treasurer is hereby, authorized and directed to affect said <br /> interfund cash advances, as necessary, to affect a positive cash position as of December 31, <br /> 2023, to the Community Grant Fund, the CDBG Fund, the Public Transit Fund, on behalf of the <br /> City of Decatur, Illinois. <br /> Section 9. That an interf ind cash transfer for capital use, as passed by the Library Board, <br /> from the Library Operating Fund into the Library Capital Fund an additional $200,000 to the <br /> $200,000 already budgeted in FY2023 for a total of$400,000. <br /> Section 10. That the City Treasurer is hereby, authorized and directed to affect other <br /> interfund cash advances, as may arise, to affect a positive cash position as of December 31, 2023, <br /> to any city funds, on behalf of the City of Decatur, Illinois. <br /> Section 11. That the City Treasurer is hereby authorized and directed to repay in full the <br /> Interfund Cash Advance amounts transferred herein to the City of Decatur Funds at the <br /> beginning of the 2024 fiscal year, or at such time that the Funds have sufficient monies to repay <br /> the interfund cash advance to the City of Decatur. <br /> PRESENTED and ADOPTED this 18th day of December 2023. <br /> Julie Moore Wolfe, May <br /> ATT ESI----� <br /> Kimberly Altho , ity Clerk <br />
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