HomeMy WebLinkAbout77-04CITY OF LAKEVILLE
RESOLUTION
Dated 17 January, 1977 Resolution No. 77-4
Motion by Zaun
Seconded by
Emond
RESOLUTION COMBINING THE LIQUOR FUND CHECKING ACCOUNT AND
GENERAL FUND CHECKING ACCOUNT
WHEREAS, current accounting practices result in inefficient cash
disbursement procedures and,
WHEREAS, a consolidation of checking accounts would allow for timely
and efficient cash disbursement procedures and,
WHEREAS, a consolidation of checking accounts would provide for an
efficient and timely reconciliation of cash accounts and,
WHEREAS, a consolidation of checking accounts would result in the
timely reporting of receipts and disbursements and aid in computation of
interest apportionments and provide for more effective investments;
NOW THEREFORE BE IT RESOLVED, that the Liquor Fund and General Fund
checking account is to be combined and the Finance Director is directed to
close out the Liquor Fund checking account and deposit funds into the General
Fund checking account.
ADOPTED this 17th day of January, 1977.
CITY OF LAKEVILLE
C" • /0 a.LT-
Edward J. Ma o, Mayor
ATTEST:
C
c---ee
Patrick E. McGarvey, City Jerk