HomeMy WebLinkAbout5.F.4. Interfund Transfer 2003 Projects to State Aid Fund
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CITY OF SHAKOPEE
Memorandum CONSENT
TO: Mayor and Council
Mark McNeill, City Administrator
FROM: Gregg Voxland, Finance Director
SUBJ: Interfund Transfer 2003 projects
DATE: November 7/ 2006
Introduction
Approval of 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 cash balance remaining in the fund that needs. to
be resolved in order to close the fund. The is due to state Aid on the
03-3 4th Ave Reconstruction project when more aid was drawn in than what
was eventually needed.
Action
Move to transfer $374/345.84 from the 2003 Capital Projects fund to the
State Aid fund in order to close the 2003 Capital Projects fund.
G~OXl.nd
Finance Director
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