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<br />. <br /> <br /> <br />tervi((e <br /> <br />'Esta6{isfied 1857 <br /> <br />R'ESI1YUM 'EQWTy TR.:A:NsYERS <br />1J'E'BT S'ERI1IC'E jUNDS <br />C'E:N'T'ERI1ILL'E GTy CO'UNGL <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: <br /> <br />Ellen Paulseth, Finance Director <br /> <br />'. <br /> <br />Re: <br /> <br />Close Out Obsolete Debt Service Funds <br /> <br />......................................................................... <br /> <br />Several debt service funds are no longer in service. Others have deficit balances. The <br />city's auditing firm recommended closing out funds that are no longer needed. Transfers <br />are recommended as follows: <br /> <br />1979 Streets Debt Service $1,192.21 <br />Acorn Creek Debt Service $1,192.21 <br />(to close out 1979 Streets Debt Service Fund to Acorn Creek Debt Service Fund) <br /> <br />Clearwater Meadows Debt Service $9,886.58 <br />Floodplain Debt Service $9,886.58 <br />(to eliminate deficit balance and close out Floodplain Debt Service Fund) <br /> <br />General Fund $37,104.05 <br />Acorn Creek Debt Service $37,104.05 <br />(to close out Acorn Creek Debt Service Fnnd with General Fund Transfer) <br /> <br />Clearwater Meadows Debt Service $37,510.68 <br />General Fund $37,510.68 <br />(to close out Clearwater Meadows Debt Service to General Fund) <br />