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STATE OF WASHINGTON
County of Jefferson
In the Matter of Providing a Positive Cash
Balance for the Jefferson County Grant
Management Fund
RESOLUTION NO 57-99
WHEREAS, the Jefferson County Grant Management Fund will be
administering the new grants for Salmon Habitat Protection and Restoration; and
WHEREAS, the Jefferson County budget policy requires a minimum 10%
reserve to provide cash flow: and
WHEREAS, the services provided by the Jefferson County Grant
Management for salmon habitat rely on state and federal funds that may take up to two (2)
months to be reimbursed; ,
NOW, THEREFORE, BE IT RESOL VED, that the County Treasurer be
and is hereby authorized to transfer funds from the General Fund in the amount of $ 18,000.00
to the Grant Management Fund to be held as a Restricted Fund Balance.
BE IT FURTHER RESOL VED that the Restricted Fund Balance should
be used to provide funding during the year to maintain a positive cash balance for said fund.
IS IT FURTHER RESOL VED, that the disclosure for transfer of such
funds shall be made as a Residual Equity transfer on the County's Annual Financial
Statements.
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ATTEST: '\< ,/. , ~\~"::" "
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APPROVED AND ADOPTED this / '1 rfL day Of~. 199-1
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JEFFERSON COUNTY
ãD OF COMMISSIONERS
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Lorna Delaney, CMC
Clerk of the Board
VOL
25 ¡'~E534