6021

Policy No.

6021

Adoption Date:

July 11, 1984

Reviewed:

March 4, 1998

MANAGEMENT SUPPORT INTERFUND LOANS

Interfund loans between the general fund, the transportation vehicle fund, the capital projects fund, or the debt service fund may be used to alleviate a temporary cash deficiency.

Such loans shall not be used to balance the budget of the borrowing fund; nor shall they deter any function or project for which the fund was established.

The board must adopt a resolution before any interfund loan transaction takes place. The resolution shall contain the exact amount of the loan, the funds involved, the specific source of funds for repayment, the schedule for repayment and the interest rate involved.

Legal References:

RCW

28A.505.150

Budgeted expenditures as appropriations--Interim expenditures--Transfer between budget classes--Liability for nonbudgeted expenditures

WAC

392-123-135 through -160

Interfund loans

	Policy No.	6021
	Adoption Date:	July 11, 1984
	Reviewed:	March 4, 1998

RCW	28A.505.150	Budgeted expenditures as appropriations--Interim expenditures--Transfer between budget classes--Liability for nonbudgeted expenditures
WAC	392-123-135 through -160	Interfund loans