HomeMy WebLinkAbout4.h. Transfer of Armory Funds CITY OF ROSEMOUN'P
EXECU'T'IVE SUi�II�tA.RY FOR ACTION
CITY COUNCIL MEETING DATE: August 17, 1993
AGENDA ITEM: Transfer of Armory Funds AGFNDA SECTION:
Consent
PREPARED BY: AGENDA NO.
Jeff May, Finance Director
ATTACF��IENTS: None APP ED Y:
With the establishment of an Enterprise Fund for the Community Center, we
are now able to close out the Special Revenue Fund that was used for all
activities concerning the National Guard Armory. The Cammunity Center Fund
will now become responsible for the collections and disbursements relating
to the Armory. We would like Council approval to make this transfer early
in September so that any bills in process that may be paid from the Armory
account are taken care of so that we have a "final" balance to close out.
Therefore, the exact dollar amount is unknown at this point. The balance
of the Armory Fund at the end of July was $98, 165 . 77 .
,
RECOMMENUED ACTI4N:
Motion to approve the transfer of all funds in the National Guard Armory
Project Fund (Fund #220) to the Comrnunity Center Enterprise Fund
(Fund #650} after al1 current outstanding bills are taken care of.
COUNCIL ACTION: