HomeMy WebLinkAbout27633 / 75-37�` 37 RESOLUTION
JUN 5 1975
'BE IT RESOLVf;D by the Common Council of the City of Oshkosh
th�t thexe is hereby establisi�ed a^ewer Uti_lity Depreciatior�
Fund in the Sewer Utility Budget. Said iund shall be compri:;ed
oi' an amount equal to the deprec+ation o£ the Sewer Utility. The
Fund shall be establ.ished as £ol7.ows:
1/12th o£ the previous }�ear's depreciati.on shall be
deposited in said £und monthly and upon completion of
tf�e annual audit, said fund shall be adjusted to ref.lect .
the year's depreciation espens°. � �
BE I'C FURTfiFR RESOt,VED tktat the funds deposited in said
account shall be used to prwide replacements to the Sewer Utili�y�
includiiiy excensionc and imyrovement, to the system thereby
psovidi.nq .For the ef`ective and efficien� opera.tion oP the 5cwer
L' t .LI i ty _ .
SUD1dIi`;'�il F�'t
APPRO�LD
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