HomeMy WebLinkAbout9.d. Transfer from General Fund to Shannon Park Fund � P o. aax 5�0
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T0: Mayor Hoke
Councilmembers Oxborough
Walsh
Wi permann
FROM: Stephan Jilk %��"
DATEs September 13, 1989
RE: Shannon Park/School Project
Temporary Funds Transfer
The Shannon Park and Shannon Park School project has been, from
the start, a challenge from many aspects. It has, far one thing,
caused expenditures ahead of schedule for park improvements.
These have been done so asdtoWnereand�theaschooltdistrictlas to
negotiated between the lan
park dedication fees and joint contract work.
' In order to more accurately control the expenditures in thTo ect
process and to enable us to better put together a total p j
acka e we would like to transfer, on a temporary
cost/benefit p g �
basis , funds to support this effort.
Don Darling has checked wiCh our auditors and they have concurred
on this matter (see attached memo) .
I would request, then, that you approve a temporary transfer of
$175,000.00 from the General Fund 101 to a special pro ect
�� 01 Park Project Construction Fund" for
fund, Shannon Park Scho / ro ect.
the purpose of providing temporary funding for this p j
dw
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