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-“^iNG <br />Rf C^I FST FOR ( OI M IL \( I ION Ofc ^ 2002 <br />tllY Ut OROfurx <br />I)AI F,: December 4. 2^)02 ' <br />ITFMNO: /? <br />I)ep»rimenf Approval: L' f <br />Name l orn Kiiehn <br />lille f inance Director <br />Administrator Rt-siessed: <br />m <br />Agenda Section: <br />( ity Administrator's <br />Report <br />Item Description- <br />2002 Intertiind Iransters and I.oan Payments <br />Attachment: Schedule of 2002 Interfund I raiisfers and I oan Payments <br />l ach year the Council is re».|ucsted to authori/e transfer of monies between funds. I hcse <br />transactions tall into two categories: <br />1. ) Hudgeted I ransfers - Items designated in that year s budget when <br />originally adopted for the purpose of pros iding support from one fund to <br />another <br />2. ) Fund Obligations - <br />(a) Payments from one fund to another to reimburse expenses incurred by one <br />fund »m behalf on another. This is generally for City portions of special <br />assessments, or for equipment capital mitlay. <br />(b) Foan payments Irom c>ne fund to another I oans are generally made to <br />eonstruction funds for the purpose of payment of expenses incurred prior <br />to the .sale of bonds and the lewing of .special assessments. In addition <br />, certain loans are necessary to fund major undertakings \shen the fund <br />incurring the expense does not have adequate cash flow av ailable to - <br />complete the prirjecl. I his would include such situations as the loan from <br />the Community Inve.stniMt f und to the W ater Operating Fund for the <br />Nav arre water plant rehabilitation project. <br />( Ol N( IF A( 11().\ Rl yi FSI FI): <br />Approval of transfers as indicated on the attached schedule.