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<br />~ <br />~~HILLS <br /> <br />MEMORANDUM <br /> <br /> <br />DATE: <br /> <br />March 8, 2007 <br /> <br />TO: <br /> <br />Kristine Giga, Civil Engineer <br /> <br />Sue Iverson, Finance Director~ <br />I <br /> <br />FROM: <br /> <br />SUBJECT: <br /> <br />Enterprise Fund Balances <br /> <br />In response to your inquiry, I have researched the current balances in the Enterprise and PIR <br />funds. There seems to be sufficient monies available in each fund, with the exception of the <br />Surface Water Management Fund to cover the costs you inquired about. <br /> <br />The cash balances as of March 7,2007 are as follows: <br /> <br />PIRFund $5,616,5433 <br />Water Utility $633,213 <br />Sanitary Sewer Utility $336,751 <br />Surface Water Management ($13,343) <br /> <br />The Surface Water Management Fund has generally been running negative and we could transfer <br />monies from the PIR to that fund if necessary or include that portion of the costs in the PIR <br />Fund, this is not an uncommon practice as road and storm sewer improvements are usually done <br />together. <br /> <br />These are just preliminary numbers, unaudited numbers as we are not done with all the closing <br />entries from 2006. If you have any other questions, I would be happy to assist you. <br />