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�..` 38 RESOL1iTION
��iN 51975
�LE iT R.°.SOliVP:D by the Cor.vnon Council o£ the City of Oshkosl-�.
that there is hereby established a S4ater Utility Depreciation
F'und in the Svater Utility Budget. Said Fund shall be comorised
o£ an amount equal to the depreciation of the �vater Utility. The
Fund shall be established as follows:
� 7/12th oi the previous year's depreciation sha11 be
deposited in said £und monthly and upon completion of
the annual audit, said fund shall be adjusted to re£lect
the year's depreciation expense. � ,
AE IT FURTHER RPSOLVHD that the £unds depocited in said
account sha11 be vsed to provi.de replacements to the Se:ver Utility
inc).uding extensions and improvenznts to tne system thereby
providing £or the effect-ive and efiicien�t operation of the Wai:er
Utilitp. � �
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SUBL7ITTED BY
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