2005-959-Resolution No. 2005-102 Recorded 7/27/2005�REVI D�
LEGAL COUNSEL
COUNTY OFFICIAL
NANCYUTES BLANKENSHIP, COUNTY CLERKDS U 2005-959
COMMISSIONERS' JOURNAL
VI/4110U5 O3 , & JI PM
For 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. 2005-102
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).
2006. Section 2. Said loan (principal & interest) is to be repaid to the Reserves Fund no later than June 30,
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 Fiscal Year 2005-2006 as are necessary to reflect these transactions
DATED this ty of 2005.
,
BOARD OF COUNTY COMMISSIONERS
OF DESCHUTES COUNTY, OREGON
ATTEST:
Recording Secretary
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TC)M T)PW()T F Chn;r
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