RESOLUTION TO TRANSFER FUNDS TO THE RAINY DAY FUND

RESOLUTION  (A11) PAGE 3 OF 4 AMERICAN MEDICAL
RESOLUTION 904  (I06) PAGE 2 AMERICAN MEDICAL ASSOCIATION
(THE “COMPANY”) BOARD RESOLUTION REGARDING THE REGISTRATION OF

4 DRAFT RESOLUTION AVIAN INFLUENZA INTERAMERICAN COOPERATION
SCHOOL DISTRICT RESOLUTION NO RESOLUTION TO ESTABLISH
(2) RESOLUTION GRANTING SIGNATURE AUTHORITY FOR CORPORATIONS PROJECT NAME

RESOLUTION TO ADOPT A PLAN

RESOLUTION TO TRANSFER FUNDS

TO THE RAINY DAY FUND



WHEREAS, the Board of MSD Washington Township has established a Rainy Day Fund in order to provide future revenue for tax-supported budgets in times of economic downturn; and


WHEREAS, the Board of MSD Washington Township in accordance with IC 36-1-8-5.1 limits the transfer of unused and unencumbered funds to no more than ten percent (10%) of the district’s total annual budget for all tax supported fund’s; and


WHEREAS, the Board of MSD Washington Township will determine that proposed expenditures from the Rainy Day Fund are consistent with the purposes for which this fund was established; and


WHEREAS, the Board of MSD Washington Township will attain appropriation authority from the Department of Local Government Finance before the expenditure of any Rainy Day Funds in accordance with IC 36-1-8-5;


NOW, THEREFORE, BE IT RESOLVED that the Board of MSD Washington Township authorizes the transfer of unspent 2008 moneys from the Capital Projects Fund, in an amount not to exceed $2,000,000.00, to the Rainy Day Fund in order to provide future revenue for tax-supported funds.


PASSED AND ADOPTED this 22nd day of April, 2009.





_______________________________________

President, Board of Education




ATTEST:



_______________________________

Secretary, Board of Education




RAINYDAYFUND-MSDWT 2009


(NAME OF LEGISLATIVE BODY) RESOLUTION BY THE HONORABLE
(RESOLUTION NUMBER) A RESOLUTION OF THE (CITY TOWNSHIP BOROUGH
(SAMPLE CONVERSION OPTION RESOLUTION) [SCHOOL DISTRICT NAME] RESOLUTION NUMBER


Tags: funds to, day funds, funds, transfer, resolution, rainy