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<br /> . <br /> CITY OF ARDEN HILLS <br /> MEKlRANDtlM <br /> DATE: December 16, 1993 <br /> TO: Dorothy A. Person, City .am;,,; "trater <br /> ~:@) Terrance R. Post, City AcCOlmtant <br /> stlBJECT : Recamended 1993 Ooeratin:::r Transfers <br /> Based up:>n my review of funcJ.ing availability and funding needs, I ;.auld <br /> su'cmit the following recc:mrendations conceming Oporating Transfers for <br /> 1993. <br /> l. Fran Canuunitv Services (225) to Pr='am (226) <br /> - This is a $41,085 line item in the adopted 1993 budget. <br /> .. _ As a result of the operating transfer effected in 1992, the <br /> Prcgram FUnd has a 12/31/93 fund balance of $34 - <br /> essentially a breakeven. <br /> - Oporating results for the eleven m:mths ended 11/30/93 <br /> indicate a $12,297 excess of exper.ditures over revenues. <br /> - I:ecember results are projected to l:e approxirmtely $1,400 <br /> in reve.'1ue and $7,200 in salaries and benefits. <br /> - Thus, the year-to-date fund deficit is projected to l:e <br /> approxirmtely $18,000. <br /> * Recc:mrendation is to l=>k on operating transfer of $18, 000 <br /> from 225 to 226. <br /> 2. Fran Canuunitv Services (225) to Municipal Land and <br /> Buildinqs (408) <br /> - This is a $29,600 line item in the adopted 1993 budget. <br /> - This fund had a deficit balance of ($22,438) at 12/31/92. <br /> - Operating results for the eleven rronths ended 11/30/93 <br /> indicate a $3664 excess of expe.'1ditures over revenues and <br /> an 11/30/93 fund cash balance of ($28,257). <br /> * Recanuendation is to b:ok an operating transfer of $29,000 <br /> from 225 to 408. <br />I \ <br />