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Resolution No. 93- ~
Resolution Clarifying The Town Council Policy
For Interfund Tranfers of Monies
WHEREAS, as part of its accounting system, the Town of Pulaski maintains various
separate funds in which Town monies are segregated by source or purpose, including but not
limited to the general operating fund, the water fund, the sewer fund, bond funds, the UDAG
fund, and such other temporary and permanent funds as are necessary or convenient to carry
out Town business; and,
WHEREAS, as part of its budget process the Town Council approves in advance various
planned transfers of Town monies between the Town funds; and,
WHEREAS, while it is allowable by law for the Town administration to make interfund
transfers of Town monies in order to carry out Town business, the Town Council has
determined that the preferable manner of handling such transfers is to have the Council or its
duly authorized committee approve any unbudgeted transfers in advance;
NOW, THEREFORE, be it RESOLVED by the Council of the Town of Pulaski, Virginia,
• sitting in regular session on May 4, 1993, that it is the policy of the Town Council that any
transfer of monies among Town funds must be approved by the Town Council in advance, either
by general approval of such transfers as part of the budget process or by express approval of
proposed unbudgeted transfers by the Finance Committee or the Council as a whole.
This Resolution is effective on adoption and is adopted this 4th day of May, 1993, by
duly recorded vote of the Town Council as follows:
Charles D. Crispin Aye
J. R. Schrader, Jr. Aye
Roy H. D'Ardenne, Jr. AYe
W. H. Schrader, Jr.
Andrew L. Graham A;~e
E. G. Black, Jr. ~~
Alma Holston ~~
Robert N. Glenn Ave
TOW OF PULASKI, VIRGINIA
By
ry C. Hancock, Mayor
ATTEST:
• Ru h Harrell, Clerk of Council