Narrative of Resolution:
title
WHEREAS, expenses incurred by the Care Center at Sunset Lake have increased which may ultimately exceed the cash the Care Center has on hand; and
WHEREAS, it may be necessary for the County of Sullivan to advance cash to the Care Center at Sunset Lake to ensure that all vendors are paid timely and to further ensure that the daily operations of the Care Center remain unaffected; and
WHEREAS, the Sullivan County Treasurer and the Sullivan County Manager have determined that the advancing of cash to the Care Center at Sunset Lake for the purpose of timely paying vendors is in the best interest of the Care Center; and
WHEREAS, these transfers of cash to the Care Center at Sunset Lake will be tracked and recorded in the due to/due from as cash advances to the Care Center.
NOW THEREFORE, BE IT RESOLVED that the County Treasurer is hereby authorized to advance cash from the General Fund to the Care Center at Sunset Lake as needed in an amount not to exceed Two Million Dollars.
end
body
If Resolution requires expenditure of County Funds, provide the following information:
Amount to be authorized by Resolution: Up to $2,000,000.00
Are funds already budgeted? No
Specify Compliance with Procurement Procedures:
end