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<br />0" <br /> <br />10. Streets <br />The MTD Street Account contains a beginning-of-the-year accounting entry, <br />which is normal. <br /> <br />11. Parks and Recreation <br />Skate park attendants were hired and used in January ofthis year. <br /> <br />12. Capital Outlay <br />The Street YTD Capital Account shows a deficit due to an accounting entry <br />classifying the 21 st Avenue expense to the prior year. This is normal and will be <br />eliminated when the final payment on the contract is made. Three new public <br />works vehicles will be purchased this year. <br /> <br />13. Transfers Out <br />No transfers were made. <br /> <br />Enterprise Funds <br /> <br />1. Water and Sewer <br />Both funds show negative operating revenue due to accounting entries made in <br />January that reflect delinquent accounts. This will be eliminated as first-quarter <br />payments begin to arrive in April. Special assessments are received at the same <br />times as property tax revenues; therefore no assessment revenue is show to-date. <br /> <br />Prepared By: <br /> <br />Approved By: <br /> <br />Finance Director <br /> <br />Administrator <br /> <br />N arrative.doc <br />