HomeMy WebLinkAboutResolution 1147 RESOLUTION # 1147
A RESOLUT�ON TO CLOSE THE LIQUOR STORE FUND CHECKING ACCOUNT
TO THE GENERAi� CHECKING ACCOUNT.
WHEREAS, The City has established a separate and
distinct bank account for the receipt and disbursement of monies .
received from the City owned and operated liquor store; and
WHEREAS, the City has also established a separate
and distinct fund within its books and records to account for
the receipt and disbursement of the monies received from the said
liquor store; and
WHEREAS, the maintenance of a separate bank account
is not necessary and complicates accounting; and
NOW THEREFORE BE IT RESOLVED that the City Treasurer
is hereby authorized and directed to close the Liquor Store Fund
checking account to the General checking account on or before
June 1, 1980; and is also directed and ordered to continue the sep-
arate fund necessary to account for the monies received from said
liquor store.
Adopted by the City Cauncil of the City of Orono,
Minnesota at a regular meetirig held on May -12 , 1980.
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William B. Van Nest, Mayor
Attest: �
Walter R. nson, Administrator