HomeMy WebLinkAbout3.f. Transfer from the General Fund to Community Center Fund CITY OF ROSEbIOUNT �
EXLCUTIVE SUb�IARY FOR ACTION
PORT AUTHORITY MEETING DATE: DECEMBER 7, 1993
AGENDA ITEM: TRANSFER FROM THE PORT AUTHORITY AGENDA SECTION:
FUND TO THE COMMUNITY CENTER RELOCATION FUND CONSENT
PREPARED BY: JOHN MILLER, AGENDA NO.
ECONOMIC DEVELOPMENT COORDINATOR 3 .F.
ATTACI�2ENTS: COPY OF TRANSFER FORM APP OVED Y:
As of December 1, 1993 , the port authority had spent $691, 915 .46 for the
armory/community center relocation project. Attached for payment to this
agenda packet is an invoice from Lindquist and Vennum in the amount of
$446 .00 bringing total expenditures to $692, 361.46 .
Jeff May, the city' s finance director, has advised the port authority that
to avoid a negative balance a fund transfer from the port authority' s
general fund should be made. If the dollar amount is slightly higher than
the amount presently needed to eliminate the negative balance, it can be
transferred back to the fund at a later date. A negative balance at the
end of the year would catch attention of the auditors and create additional
work.
As you recall, the port authority had received $600, 000 from the sale of
bonds for this project. A fund transfer of $95, 000 .00 is recommended.
y
RECOa�NDED ACTION: Motion to approve a fund transfer from the Port
Authority Fund number 201 to the Community Center Relocation Fund
number 425 in the amount of $95, 000 . 00 . '
PORT AIIT80RITY ACTIAN: '
TRANSFER FORM �
TRANSFER FROM: AMOUNT:
Paid-Up Debt Serv Funds (39209) 102 - 49300 - Ol - 710 $
Port Authorit y Funds (39207 j 201 - 46300 - O1 - 710 $ S, ��J.�J
MSA Funds (39208) 203 - 49003 - 01 - 710 $
Water Utility Funds (39202) 601 - 49400 - 01 - 710 $
Sewer Utility Funds (39202) 602 - 49450 - O1 - 710 $
Storm Water Utility Funds(39202) 603 - 49500 - O1 - 710 $
Water Core Funds (39204) 605 - 49501 - 01 - 710 $
Sewer Core Funds (39205) 606 - 49502 - 01 - ?10 $
Storm Sewer Core Funds (39206) 607 - 49503 - 01 - 710 $
(39203) - - O1 - 710 $
(39203) - - Ol - 720 $
(34108) - - O1 - 317 $
TRANSFER TO: AMOUNT:
- 39201 - 00 - 000 $
- 39202 - 00 - 000 $
- 39203 - 00 - 000 $
� - 39204 - 00 - 000 $
- 39205 - 00 - 000 $
- 39206 - 00 - 000 $
- 39207 - 00 - 000 $
�i„?,,,,��( 2�-toc,h,��„-, 2�i�-z� y1� - 39208 - 00 - 000 $ SS:�JJ•JO
- 39209 - 00 - Q00 $
- 34108 - 00 - 000 $
AUTHORI ZED BY• DEPARTMENT: ��^�+ �^�� s'��'t'il w� _
DATE AUTHORIZED: �� - �_ - �_ �c��r � � ''^� a°p��`'°'� �1I�IS3
REASON FOR TRANSFER: T� CcNt-�2 r>cCe3S COii`S �=�h-�1.� i�l �tt; IZc-1.JC�1w._
P+P J�L� ��2 "'i� N M-1 u�..ia.t Cru AR� /c�`-.,r,�^ ,�`J C C'�^'��-12 �,C'�}.i CZ�
GENERAL JOURNAL ENTRY:
�a'S� - 10100 �7S,JJJ.JJ
- 104
- 104
��.r - 3920 � - 00 - 000 -�i S JJJ.JJ
- 34108 - 00 - 000
��}S - 29300 S�, JJJ J �
��l� - 29400 SS JJJ. J�
.�O - �f b3�� - Ol - 71 c� 9s' �JJ.JJ
- 01 - 317
a�, - ialoo 9 s, ��J.��
- 104
- 104
GJE ENTERED BY: DATE ENTERED: - -
JOURNAL ENTRY �: JOURNAL ENTRY TYPE: �_(USUALLY TYPE 4)