R-411-61 RESOLUTION NO. 411
A RESOLUTION TRANSFERRING VILLAGE
BUDGET FUNDS
WHEREAS, the cash carryover from the last fiscal year amounted
to approximately $24, 000. 00 more than was estimated; and
WHEREAS, it is the opinion of this Council that said money
should be used toward the purchase of new garbage collection equipment;
NOW, THEREFORE, BE IT RESOLVED:
That $5, 147. 80 of said excess carryover be and the same is
hereby transferred to the Waste Department budget Account No.
14 Hl to be used for the payment of a chattel note previously
issued and held by the Peoples Nation'1Bank on garbage trucks
purchased last year.
BE IT FURTHER RESOLVED that $10, 000. 00 of said excess
carryover be transferred to the Waste Department budget
Account No. 14 G1, to be used in partial payment for four
additional garbage collection trucks, said trucks being
purchased for the sum of $30, 117. 80 after trade-ins, and
the difference to be financed by chattel mortgage.
PASSED AND ADOPTED this 17th day of January, 1961.
Mayor
ATTEST:
Village Clerk