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Wilbur council accepts interfund loan via Resolution 594
Summary
By motion, the council accepted Resolution 594 to authorize an interfund loan from the current expense reserve fund to the airport fund. The motion was moved by John Hanon, seconded by Shawn Phelps, and passed at the March 3 meeting.
Mayor Pro Tem John Hanon moved to accept Resolution 594, which authorizes acceptance of an interfund loan from the current expense reserve fund to the airport fund; Shawn Phelps seconded the motion and the council approved the resolution as written.
The transcript records the motion and its passage but does not provide the loan amount or detailed repayment terms. The resolution was accepted by the council at this meeting; staff follow-up may be required to record the loan terms and implement accounting entries.
