HomeMy WebLinkAboutResolution 22-007Resolution Transferring Capital Improvement Project (CIP) Sinking Fund Funds
to the Brookings Public Library's Capital Projects 2022 Budget
Whereas, the City of Brooking's Comprehensive Financial Management Policy, unde
its Capital Improvement Plan section, establishes the authority for the City to maintai
an assigned Vehicle, Equipment, Information Technology, and Building
Maintenance/Replacement Sinking Fund for unplanned capital; and I
Whereas, the City of Brookings hereby transfers Sinking Fund contingency funds to
fund critical unplanned capital projects of the municipality. This resolution is for the
purpose of completing a transfer of capital Sinking Fund funds to the following accounts:
213 Capital Improvements Fund (CIP)
213-000-5-940-09 Library Dep Capital Expense $797590.17
Total Transfers $79,590.17
The Financing Source for this transfer is from the following account:
213-000-5-911 -00 Buildings Sinking Fund $79,590.17
Total, Source of Funding $ 79,590.17
Whereas, this resolution is deemed necessary for the immediate preservation of the
public peace, health, safety, and support of the City, and shall become effective upon
publication.
Passed and approved this 1 1th day of January, 2022.
UNIAM
City Clerk
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