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<br /> CITY OF ARDEN HILLS <br />. MEMORANDUM <br /> DATE: December 12, 1996 <br /> TO: Brian Fritsinger, City Administrator <br /> FROM: Terrance Post, City Accountant @ <br /> SUBJECT: 1996 Operating Results IConsiderations <br /> Background <br /> As I discussed in my November II, 1996 Operating Results Commentary Memorandum, it <br /> appears that the General Fund is tracking to generate an operating surplus in the $300,000 range. <br /> The purpose of this memorandum is to offer several non-budgeted spending options with regards <br /> to the estimated surplus condition. <br />- 1996 General Fund ExpenditurelTransfer O\)tions <br /> 1. Fund a $7,500 Operating Transfer Out to TCAAP Fund #229 to cover the current <br /> fund balance deficit in Fund #229. <br />. 2. Fund an additional $10,000 Operating Transfer Out to TCAAP Fund #229 for <br /> anticipated 1997 legal costs. <br /> , Fund an additional $33,500 Operating Transfer Out to Capital Equipment Fund <br /> j. <br /> #411 to fully fund 1997 transfers ($18,500) and $25,000 for anticipated <br /> technology transfer needs (i.e., phone switch, phone lines, etc.). <br /> 4. Fund an additional $250,250 Operating Transfer Out to Municipal Land & <br /> Buildings Fund #408 for future or existing facility needs. <br /> 5. Pursue specific 1996 smaller projects including: <br /> a. City Hall restroom ventilation system <br /> b. Update base station and two-way radio remotes <br /> c. Print maps cabinetry for Public Works building <br /> d. Ergonomic workstation furniture <br /> e. Microfilming critical city records <br />-. <br />