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0 RESOLUTION #974 <br />A RESOLUTION TO CLOSE THE FEDERAL REVENUE SHARING FUND <br />CHECKING ACCOUNT TO THE GENERAL FUND CHECKING ACCOUNT. <br />WHEREAS, The City has established a seperate and <br />distinct bank account for the receipt and disbursement of monies <br />received from the U.S. Treasurer under the Federal Revenue <br />Sharing program; and <br />WHEREAS, the City has also established a seperate <br />and distinct fund within its books and records to account for <br />the receipt and disbursement of the monies received from the <br />U.S. Treasurer under the Fereral Revenue Sharing programs; and <br />WHEREAS, the maintanence of a seperate bank account <br />is not necessary and complicates investing, accounting for <br />interest, etc; <br />NOW THEREFORE BE IT RESOLVED that the City Treasurer <br />is hereby authorized and directed to close the Federal Revenue <br />Sharing Fund checking account to the General Fund checking <br />account on or before January 1, 1979; but is also directed <br />and ordered to continue the seperate fund necessary to account <br />for the monies received under this program. <br />Adopted by the City Council of the City of Orono, <br />Minnesota at a regular meeting held on December 18, 1978. <br />�C <br />William B. Van Nest, Mayor <br />AttestZ ��-- <br />Walter R. B son, Clerk -Administrator <br />11 <br />