HomeMy WebLinkAboutResolution 2009-083 N.C.S. 06/15/2009Resolution No. 2009-083 N.C.S.
of the City of Petaluma, California
APPROVING THE WRITE OFF OF THE INTER-FUND ADVANCE
BETWEEN THE GENERAL FUND AND THE AMBULANCE FUND
AS OF .TUNE 30, 2009 AS UNCOLLECTIBLE
WHEREAS, beginning in 2006 through 2009, the General Fund loaned funds to the
Ambulance Fund with the intention of being repaid when the Ambulance cash flow permitted;
WHEREAS, the Ambulance Fund does not have the ability to repay the advance;
WHEREAS, the continuance of the inter-fund advance on the General Fund financial
statement is contrary to governmental accounting principles, because there is no ability to repay;
NOW, THEREFORE, BE IT RESOLVED that the inter-fund advance between the
General Fund and the Ambulance Fund be written off as uncollectible.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Ap ve as to
Council of the City of Petaluma at a Regular meeting on the 15`h day of June, 2009, ~ for
by the following vote:
AYES: Vice Mayor Barrett, Glass, Harris, Healy, Rabbitt, Renee, Mayor Torliatt
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST:
City Clerk
Attorney
Resolution No. 2009-083 N.C.S. Page 1