HomeMy WebLinkAbout5.F.4. Interfund Transfer
5~ ~ 'i
CITY OF SHAKO PEE
Memorandum CONSEtJT
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Interfund Transfer
DATE: April 17, 2007
Introduction & Background
For the Valley viewieR 83 project and the 2005 Reconstruction project,
special assessment prepayments in 2005 were receipted into the debt
service fund for those projects. When the 2006A bonds were issued, a
portion of the projects was not bonded for but the prepayments were to
pay part of the project costs.
Therefore, money receipted in 2005 needs to be transferred from the
debt service fund to the construction funds.
Action
Move to Approve of the transfer of $189,724.97 from the 2006A Debt
Service Fund to the 2004 Capital Projects Fund and $131,060.00 from the
2006A Debt Service Fund to the 2005 Capital Projects Fund.
~VOXland
Finance Director
H,\Finance\docs\