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<br />e <br /> <br />e <br /> <br />e <br /> <br />CITY OF ARDEN lULLS <br /> <br />MEMORANDUM <br /> <br />DATE: March 24,1999 <br /> <br />TO: Brian Fritsinger, City Administrator <br />FROM: Terrance Post, City Accountant~ <br /> <br />SUBJECT: UnbudKeted 1998 OperatinK Transfers <br /> <br />Staff suggests that the Arden Hills City Council consider approving several operating transfers <br />thatwere not included in the adopted 1998 budget. These unbudgeted operating transfers include <br />the following: <br /> <br />General Fund <br />1. A $183,700 operating transfer to TCAAP Special Revenue Fund No. 229. This transfer <br />is represented by: a) $47,500 originally budgeted for the Fire Equipment Fund No. 412; <br />b) $16,300 originally budgeted for the Recreation Fund No. 226; and c) $119,900 <br />estimated 1998 General Fund operating surplus of revenues exceeding expenditures. <br /> <br />Commnnity Services Fund <br />I. A $47,500 operating transfer to the Fire Equipment Fund No. 412. <br /> <br />2. A $16,300 operating transfer to the Recreation Fund No. 226. <br /> <br />Recommendation <br />If Council concurs with these proposed unbudgeted 1998 operating transfers, they should <br />approve them under the Consent Calendar of the March 29, 1999 regular Council meeting, and <br />authorize staff to book the transactions accordingly. <br />