Supervisor ARGOTSINGER offered the following Resolution and moved its adoption:

RESOLUTION AUTHORIZING COUNTY TREASURER TO ADVANCE MONIES BETWEEN FUNDS WHEN NECESSARY (2020)

RESOLVED, That in the event of a cash flow problem within any unrestricted fund due to untimely receipt of State, Federal or other monies during 2020, the Fulton County Treasurer be and hereby is authorized and empowered to loan monies necessary to such funds from any other unrestricted funds; and, be it further

RESOLVED, That the Fulton County Treasurer be and hereby is directed to make a full report to the Finance Committee immediately following such transactions; and, be it further

RESOLVED, That the Fulton County Treasurer be and hereby is directed to repay these loans, with interest, at an appropriate current rate; and, be it further

RESOLVED, That certified copies of this Resolution be forwarded to the County Treasurer, Solid Waste Director, Budget Director/County Auditor and Administrative Officer/Clerk of the Board.

Seconded by Supervisor WALDRON and adopted by the following vote:
Total: Ayes: 19 Nays: 0 Absent: 1 (Supervisor Howard)

 

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