Laserfiche WebLink
<br />, <br /> <br /> <br />tervi{{e <br /> <br />'Esta6fisfietf 1857 <br /> <br />:F'UJV'D CL'EJt1I{-'U1' <br />C'E:NTE1CVILL'E aT)} CO'UNaL <br /> <br />Date: October 9, 2002 <br /> <br />To: Honorable Mayor and City Council Members <br />Ms. Kim Moore-Sykes, City Administrator <br /> <br />From: Ellen Paulseth, Finance Director <br /> <br />'< <br /> <br />Re: Audit Preparation <br /> <br />The city currently has 57 separate funds in its general ledger. Many have deficit balances <br />and/or are obsolete. The excess accounts create confusion for staff members when <br />coding receipts and claims. Also, the cost of the audit could be reduced by eliminating <br />the need to maintain unnecessary reports. <br /> <br />Attached are recommended transfers for the Capital Projects Funds, Debt Service Funds, <br />Special Revenue Funds, and Agency Funds to clean up the city's accounting records and <br />reduce the number of active funds to 25. <br />