RESOLUTION 2006-65

(To repay Current Expense Loans)

WHEREAS, the Board of County Commissioners has reviewed the Current Expense Fund’s current indebtedness; and

WHEREAS, Resolution 2000-20, (which authorized certain loans), requires that all such debts be reduced by the first available revenues; and

WHEREAS, the Current Expense Fund presently has the following indebtedness:

Resolution 2005-69

1021.000 Cumulative Reserve Contingent Liability $ 58,565.96

1023.000 Cumulative Reserve Salary, Wages, and Benefits $ 50,000.00

3010.000 Capital Improvement Fund $170,000.00

Resolution 2006 – 64

1027.000 Cumulative Reserve Loan Fund $500,000.00

1400.000 County Road $300,000.00

WHEREAS, RCW 76.12.030(2) requires the County to first apply State Forest Board Transfer revenues to the reduction of any indebtedness existing in the Current Expense Fund; and

WHEREAS, The Commissioners have reviewed and considered the Current Expense Fund’s potential and reasonably anticipated future expenditures and revenues, and have determined that there is sufficient revenue available to partially repay the Current Expense Fund’s indebtedness, and

WHEREAS, Skamania County received $355,211.53 in State Forest Board Transfer revenues and interest;

NOW, THEREFORE, BE IT RESOLVED that the County Treasurer is hereby directed to pay on the 28^th day of December 2006, $354,098.53 in state forest board transfer revenues and $1,113.00 in interest as partial payment of the Current Expense Fund’s indebtedness, as follows:

Resolution 2005-69

1021.000 Cumulative Reserve Contingent Liability $58,565.96

Interest to 12/28/06 $ 3,203.48

$ 61,769.44

1023.000 Cumulative Reserve Salary, Wages, and Benefits $50,000.00

Interest to 12/28/06 $ 2,734.93

$52,734.93

3010.000 Capital Improvement Fund $170,000.00

Interest to 12/28/06 $ 9,298.77

$179,298.77

Resolution 2006-64

1400.000 County Road $ 61,363.18

Interest to 12/28/06 45.21

$ 61,408.39

Leaving a principle balance on the loans under Resolution 2006-64 of $238,636.82 from Fund 1400.000 (County Road Fund) and $500,000.00 from Fund 1027.000 (Cumulative Reserve Loan Fund) to be repaid with the first available funds.

PASSED IN REGULAR SESSION this 28^th day of December 2006.

ATTEST: BOARD OF COMMISSIONERS

SKAMANIA COUNTY, WASHINGTON

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Chairman

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Commissioner

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Clerk of the Board Commissioner

APPROVE AS TO FORM ONLY

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Prosecuting Attorney