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RESOLUTION NO. R2009-116 <br /> RESOLUTION AUTHORIZING INTERFUND TRANSFERS <br /> BETWEEN VARIOUS CITY FUNDS <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That the City Council hereby authorizes the City Manager to make <br /> transfers between various funds of the City of Decatur to avoid negative fund balances. <br /> Section 2. That the amount of the Interfund transfers shall not exceed $1,000,000 <br /> and will be repaid by the end of the fiscal year ending April 30, 2010. <br /> Section 3. That the Finance Director shall report monthly to the City Council <br /> when an Interfund loan is made and the status of any outstanding loans made between <br /> funds. <br /> Section 4. This resolution shall be in full force and effect from and after its <br /> approval by the City Council and remain in effect until April 30, 2010. <br /> PRESENTED and ADOPTED this 6th day of July, 2009. <br /> ' � <br /> � �. <br /> � <br /> M A . cELRO , 1VIAYOR <br /> ATTEST: � <br /> l <br /> f\ �. <br /> �-�� � �� G�� <br /> CITY CLERK <br />