HomeMy WebLinkAbout47-92 RESOLUTIONRESOLUTION NO. 47-92
A RESOLUTION AUTHORIZING THE ESTABLISHMENT OF
AN ECONOMIC DEVELOPMENT RESERVE ACCOUNT TO
DESIGNATE SURPLUS ECONOMIC DEVELOPMENT FUNDS
WITH THE CITY BOARD CONTROLLING THE
DESTINATION OF THESE FUNDS.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the Board of Directors hereby authorize
the establishment of an Economic Development Reserve Account to
designate surplus Economic Development funds, with the City Board
controlling the destination of these funds. A copy of the expense
sheet is attached hereto marked Exhibit "A" and made a part hereof.
PASSED AND APPROVED this 7th day of April , 1992.
ATTEST:
By: ,-;.2 • A -1.1 .1 1
City Clierk
APPROVED:
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ECONOM:C DEVELOPMENT EXPENSE RECAP
FOR THE PERIOD 10/1/91 - 12/31/91
TOTAL FUNDS RECEIVED FROM THE CITY $25,000.00
FUNDS EXPENDED BY THE CHAMBER FOR:
SALARIES $10,094.98
FICA TAXES 756.98
WORKMENS CCMP 49.48
UNEMPLOYMENT TAXES 9.03
EMPLOYEE INS1:RANCE 924.61
TRAVEL 591.23
STAFF INTERVIEWS 180.00
CAR ALLOWANCE 375.00
POSTAGE/EXPRESS 329.75
PRINTING/SUPPLIES 546.32
PROFESSIONAL DUES 475.00
AIDC SEMINAR 230.81
SUPER COLLIDOR SEMINAR 278.45
TELEPCNE LD 18.28
PROFESSIONAL TRAINING 77.00
RESEARCH MATERIALS 1,084.90
TOTAL EXPENDITURES 16,021.82
BALANCE TO BE RETURNED TO THE CITY $ 8,978.18