Chapter 3.45
WORKING CAPITAL FUNDS FOR GRANT-RELATED ACTIVITIES

Sections:

3.45.010    Use of working capital funds.

3.45.020    Repayment of working capital cash.

3.45.010 Use of working capital funds.

The city manager is authorized to make interest free working capital cash funding available from the general fund to the following grant-related funds in the event of deficit cash balances due to grant activities in such grant-related funds:

(1) Community development block grant (CDBG) fund;

(2) Grant fund;

(3) Airport litigation fund;

(4) Any other grant-related fund established by ordinance by the city council. [Ord. 167 § 1, 1995]

3.45.020 Repayment of working capital cash.

Repayment of the working capital cash is to be made after final grant award reimbursement is received from the grantor agencies. [Ord. 167 § 2, 1995]