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CITY OF CENTERVILLE <br />REQUEST FOR <br />COUNCIL ACTION <br />Agenda Item # Department: Requested Council Meeting Date: <br />July 28, 2021 <br />Administration <br />VII.7 <br />TITLE OF ISSUE: <br />Transfer from EDA to General Fund <br />BACKGROUND AND SUPPLEMENTAL INFORMATION: <br />When the EDA bank account was established staff used $1,000 from the General Fund to open the account. <br />When we ran the first checks for the EDA they amounts were deducted from the city account. When staff made <br />the actual transfer of the balance from the General Fund to the EDA, the original $1,000 was not taken into <br />account. Therefore, we have $948.21 that needs to be transferred back to the General Fund. <br /> <br />Our auditors at Abdo, Eick & Meyers recommended that we seek Council approval for these actions. <br />COST AND SOURCE(S) OF FUNDING: <br />General Fund <br />REQUESTED COUNCIL ACTION: <br />Staff recommends that the City Council adopt a motion to approve the transfer of $948.21 from Fund 201 EDA <br />to Fund 101 General Fund to properly record the amount of cash in each fund. <br />SUPPORTED DOCUMENTS ATTACHED <br />Motion By: ____________________________________ <br /> Resolution Ordinance Contract Minutes Plan Map <br />Second By: ____________________________________ <br />Vote Record: Aye Nay <br /> _____ <br />Other (specify)____________ <br /> _____ _____ Love <br /> _____ _____ Paar <br />_______________________________________________________________ <br /> _____ _____ Koski <br /> _____ _____ Montain _______________________________________________________________ <br />Administration Department Use: <br />Refer to: _________________________________ <br />Consent <br /> Tabled Until: ______________________________ <br /> Regular <br /> Other: ___________________________________ <br /> <br />