2004-1085-Resolution No. 2004-094 Recorded 8/10/2004REVIEWED
LEGAL COUNSEL
DESCHUTES COUNTY OFFICIAL
NANCY BLANKENSHIP, COUNTY
COMMISSIONERS' JOURNAL
III
�II IIIIIIIIIIIIIIIIIII
-1 S
CLERKS
0811012004 04:12:02 PM
rbr Recording Stamp Only
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON
A Resolution Authorizing the Operating Fund to Borrow from
the Reserves Fund, Providing for Repayment, and Directing the * RESOLUTION NO. 2004-094
District's Finance Director to Make Appropriate Entries
WHEREAS, it is necessary that the Operations Fund borrow $300,000 for operations until revenues
from taxes are received; and
WHEREAS, the Reserves Fund has sufficient resources to make a loan to the Operations Fund; now
therefore,
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, ACTING AS THE GOVERNING BODY OF THE SUNRIVER SERVICE DISTRICT
as follows:
Section 1. The Sunriver Service District Finance Director is hereby authorized to transfer funds, the
aggregate not to exceed THREE HUNDRED THOUSAND DOLLARS ($300,000) from the Reserves Fund
(716) to the Operations Fund (715).
Section 2. Said loan (principal & interest) is to be repaid to the Reserves Fund no later than June 30,
2005.
Section 3. Interest shall accrue at the annual earnings rate based on the District's actual earnings rate
and will be paid with the repayment.
Section 4. That the Finance Director is hereby directed to make such entries in the records of the
District for the fiscal year 2004-2005 as are necessary to reflect these transactions
DATED this [ 4�1' day of 't 32004.
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES CO: Y, OREGON
c
AA . DALY hair
, d,6 S� —
ATTEST: DENNIS R. LUKE, Commissioner
TONI DEWOLF, Commissions
Recording Secretary
PAGE 1 OF 1— RESOLUTION NO. 2004-094 8/9/04
S:\COMMISSIONERS\ORDERS, ORDINANCES, RESOLUTIONS, PROCLAMATIONS\CURRENT FORMS & DOCUMENTS, 1998-2003 LOGS\RESOLUTIONS\2004
RESOLUTIONs\2004-094 - SUNRIVER SD.DOC