1997-19214-Order No. 97-068 Recorded 5/22/1997REVI
RECO s7-is�i�
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES O NIL EL
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MeOrTransferring
409 Cash Among Various Funds * �+
as Budgeted in the Deschutes County Budget for
the Fiscal Year 1996-97 and Directing Entries.
ORDER NO. 97-068
WHEREAS, certain budgeted cash transfers must be transferred within the Deschutes County Budget; and
WHEREAS, it is necessary to make cash transfers to cover the expenses incurred or to be incurred; and
WHEREAS, bond counsel has determined that investment proceeds on construction funds may be used for
County Fairgrounds bond redemption; now therefore,
THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON ORDERS AS
FOLLOWS:
Section 1. That the Deschutes County Treasurer transfers cash as follows:
Transfer % Through
Amount YTD
FROM: 56-08-4758 Fairgrounds Construction Fund, Transfer Out to
Fairgrounds Bond Redemption Fund 812,000 100%
TO: 88-14-T156 Fairgrounds Bond Redemption Fund, Transfer In from
Fairgrounds Construction Fund 812,000 100%
FROM: 105-53-4106 Bend Library CSD Construction Fund, Transfer Out to
Bend Library CSD Redemption Fund $ 51,300 100%
TO: 106-53-T106Bend Library CSD Redemption Fund, Transfer In from
Bend Library CSD Construction Fund $ 51,300 100%
Section 2. That the Deschutes County Finance Director make the appropriate accounting entries to reflect
the cash transfers as set out herein.
DATED this 21 st day of May, 1997.
12mil
OF
A ES RO R L. NIPPER, om s�iner
Recording Secretary INDA L. SWEARINGEN, CJii 4rij�4
1 - ORDER NO. 97-068 JUN 1119911
D.C.F.A. REDMOND,OR
R
May 19, 1997
ID:1-503-923-1652 MRY 20'97 7:56 No.001 P.01
Deschutos county
Fair Association
Deschutes County Commissioners
113011arriman
Bend, Oregon 97701
RL: June 1, 1997 Fairgrounds Bond Interest Payment
Dear County Commissioners:
®161-2653
The first interest payment on the Fairgrounds bond is due June 1, 1997. Helen Fastovich,
Treasurer, has advised us that $812,000.00 from the bond funds needs to he transferred within
the Deschutes County Budget.
Although neither the official statement or ballot title stats that proceeds can be used for debt
retirement., such a transfer of finds can be granted per URS 288.525. I have reviewed Order No.
97-068 as drafted by the County finance Department and find that it meets with my approval. I
am petitioning the County Board of Commissioners to also approve this request for transfer of
fiends for the purposes of making payment on the interest for the Fairgrounds bond.
Sincerely,
--p 7
Elton G, Gregory
Fair Association President
Filc;1.2
c:I SDFOI 1
cc'. Hcicn Rasiuvich, Dvedlutes County1reasurer
Marty Wynne, Dcschutos County Finance Director
918 West Highland • Redmond. OR 97756 • Ph. (S41) 54B-2711 • fox (541)923-1652