HomeMy WebLinkAbout5.F.4. Interfund Transfer
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CITY OF SHAKOPEE COt~SENT
Memorandum
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Interfund Transfer
DATE: April 19, 2006
Introduction
Approval on an interfund transfer to close the 2003 Capital Projects
Fund is requested.
Background
The two projects included in the 2003 Capital Projects fund have been
completed. There is a balance remaining in the fund that needs to be
transferred in order to close the fund. Most of the balance is due to
more state aid received that what was needed to fund the 2003
reconstruction project.
Action
Move to transfer $447,613 to the State Aid fund and $63,469.94 to the
2003A Debt Service fund from the 2003 Capital Projects fund in order to
close the 2003 Capital Projects fund.
~OXland
Finance Director
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