HomeMy WebLinkAbout15.F.7. Interfund Transfer-1998A Debt Service
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Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Interfund Transfer - 1998A Debt Service
DATE: March 8, 2004
Introduction
Council approval of an interfund transfer is requested.
Background
Consistent with past practice, Council is requested to approve of the
transfer of remaining assets from the 1998A Debt Service Fund to the
Capital Improvement Fund (ClF). The 1998A bonds have been paid off and
the fund needs to be closed. The 1998A bond funded the original
Southbridge 429 project.
Of the $256,899, $142,897 is a receipt that was incorrectly coded and
belongs in the ClF,
Action
Move to approve of the transfer of $256,899 from the 1998A Debt Service
Fund to the Capital Improvement Fund.
~0 oxland
Fina ce Director