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<br /> . CITY OF ARDEN HILLS <br /> MEMORANDUM <br /> DATE: May 8, 1998 <br /> TO: Brian Fritsinger, City Administrator <br /> FROM: Terrance Post, City Accountant .@) <br /> SUBJECT: 1997 Operating Transfersffiebt Payment <br /> The adopted 1997 Budget called for several operating transfers between funds. In November, <br /> 1997, the following budgeted operating transfers were booked: <br /> (I) From General Fund No. 101 to Program Fund No. 226 S 16,300.00 <br /> (To subsidize cost of quarterly program catalog) <br /> (2) From General Fund No. 101 to Municipal Buildings 118,750.00 <br /> No. 408 (To support future facility costs) <br /> (3) From General Fund No. 101 to Capital Equipment 10',000.00 <br /> . No. 411 (To level future General Fund capital <br /> equipment expenditures) <br /> (4) From General Fund No. 101 to Fire Equipment No. 412 47.500.00 <br /> (To support future fire equipment capital needs) . <br /> $192.550.00 <br /> In addition to these budgeted operating transfers, staff recommends Council approval for the <br /> following operating transfers/debt payment: <br /> (A) In light of the positive financial performanee of the General Fund, increase the operating <br /> transfer from General Fund No. 101 to Capital Equipment Fund No. 411 an additional <br /> $18,500 to a total of $28,500.00. <br /> (B) Beeause of the Cleveland Avenue bridge reconstruction delays, transfer $48,000.00 of <br /> levied funds from General Fund No.1 0 I to PIR Fund No. 501. These funds would then <br /> be transferred back from the PIR Fund to the General Fund at such time when bridge <br /> project funds would be required. <br /> . <br />