HomeMy WebLinkAboutResolutions - 1983.04.21 - 11404MISCELLANEOUS RESOLUTION 83112 April 21, 1983
BY: FINANCE COMMITTEE, DR. G. WILLIAM CADDELL, CHAIRPERSON
RE: REVIEW OF WORKING CAPITAL - COUNTY'S PROPRIETARY INTERGOVERNMENTAL
SERVICE FUNDS
TO THE OAKLAND COUNTY BOARD OF COMMISSIONERS
Mr. Chairperson, Ladies and Gentlemen:
WHEREAS Public Act 275 of the Public Acts 1980 require a
local unit of government to submit a plan to the State Department of
Treasury for elimination of a deficit condition; and
WHEREAS the State Department of Treasury has interpreted this
act to apply to each individual fund of a local unit of government; and
WHEREAS the State Department of Treasury has further defined
the act to involve cash deficit and fund equity deficits; and
WHEREAS a revi ew of the 1982 year end report indicates that
the Garage Fund and the Communications Fund have cash deficits; and
WHEREAS the combined total of all the Internal Governmental Service
Funds indicates sufficient working capital available to eliminate individual
deficits.
NOW THEREFORE BE IT RESOLVED that the Oakland. County Board of
Commissioners authorizes the transfer of $700,000 in working capital to
the Motor Pool Fund and -,-1.50,000 in working capital to the Communications
Fund; Such funds to be transferred from the Facilities & Operations Fund.
Mr. Chairperson, on behalf of the Finance Committee I move
adoption of the foregoing resolution.
FINANCE COMMITTEE
Robert 4. Paac, Vice Chairperson-
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#83112
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April 21, 1983
Moved by Page supported by Gosling the resolution be adopted.
AYES: Hobart, Jackson, R. Kuhn, S. Kuhn, Lanni, McConnell, McDonald,
McPherson, Moffitt, Moore, Nelson, Page, Pernick, Price, Rewold, Wilcox, Aaron,
Calandra, Doyon, Fortino, Gosling. (21)
NAYS: None. (0)
A sufficient majority having voted therefor, the resolution was adopted.
STATE OF MICHIGAN)
COUNTY OF OAKLAND)
1, Lynn D. Allen, Clerk of the County of Oakland and having a seal,
do hereby certify that I have compared the annexed copy of
Miscellaneous Resolutio 12a_d_opted e(_)akland County Board of Commissioners
at their meeting held on April 21, 1983
with the original 'record thereof now remaining in my office., and
that it is a true and correct transcript therefrom, and of the
Whole thereof.
in Testimony Whereof, I have hereunto set my hand and affixed the
seal of said County at Pontiac, Michigan
this 21st day of ,&ril 1983,
LYNNIt. ALLEN, County Clerk/Register of
Deputy Clerk