HomeMy WebLinkAboutResolution - 091158E - General Fund Materials Used On Projects To Be Paid Out Of A Particular Bond Fund - 09/11/1958--- -OR 115�
RESOLUTION
WHEREAS, the Commission has heretofore authorized the institution of
a Cost Accounting .System by the establishment of the Working Capital Fund
and in connection with the expenditures of the various Bond Funds consideration
has, been given to what constitutes reasonable, proper and necessarily related
handling costs of general fund materials purchased by the general fund to be
used in connection with Bond Fund Projects, and
WHEREAS, the Commission is of the opinion and finds that in normal
business operations the handling charge here authorized would be a necessary,
proge,r and incidental cost and is applicable where the City undertakes con-
strueion projects by its own forces, NOW THEREFORE:
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK:
THAT, where the City has purchased general fund materials and stores
them and any purchase of such general fund materials are used on projects
authorized by the Commission the costs of which is to be paid out of a
particular bond fund,
THAT, in setting up the system it is authorized that a Five % "handling
chargef, be made against the particular bond fund in connection with the
issuance of any work order pertaining thereto where such general fund materials
are in fact being used on an authorized project, and the charge shall be made
acco� .ding to the dollar value or amount of. the general fund materials used.
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Passed by unanimous vote of the City Commission this nth day
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September , 1958,
rin $AKKER, Mayor---------- I
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