RESOLUTION 2005 -16
CREATION OF LODGERS' TAX ACCOUNT




WHEREAS, the Village of Capitan staff has discovered that Lodgers' Tax should be in a Special Revenue Fund; and

WHEREAS, the amount to be deposited to open such a Fund is $6,154.95, which is currently located in the General Fund; and

WHEREAS, the Governing Body in and for the Municipality of Capitan, State of New Mexico, meeting in a regular session on the 10th day of May 2005 does support the creation of a separate Special Revenue Fund to account for the proceeds and restricted expenditures of the Lodgers' tax; and

NOW THEREFORE, BE IT RESOLVED that the Governing Body of the Village of Capitan, respectfully requests approval from the DFA to transfer $6,154.95 from the General Fund to a Special Revenue Fund to be used solely for Lodgers' tax.

DONE, PASSED, AND APPROVED by the Governing Body of the Village of Capitan, Lincoln County, New Mexico on this 10th day of May 2005.






Steven M. Sederwall, Mayor

ATTEST:






Shirley L. Pavlovic, Deputy Clerk


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