12-09-1991 Council Packet - Laserfiche WebLink

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TO: FROH: Ron Moocse, City Administrator Tom Kuehn, Finance Director • DATE:December 5, 1991 80BJBCT: 1991 Interfund Transfers and Loan Payments At the end of each year it is necessary to transfer monies between certain funds for the purpose of providing support as nr' fr\T rianavmant- of ontstandina loans« as scheduled. Detween certain lunas ui. ptuviuiuy budgeted or for repayment of outstanding loans, as scheduled. The necessary transactions for 1991 are listed below. FUNDS FROM AMOUNT General Inp & i>.”Uip Outlay $60,750.00 Water Operating Sewer Operating $ 2,932.00 General 1985 Imp Bond Debt Service $ 5,910.00 Permanent Inprove Revolving (P.I.R.) General $16,309.76 General P.I.R.$ 1,980.00 General Permanent Improve Revolving (P.I.R.) -0- PURPOSE Annual operating transfer for capital equipment, new and replacement as budgeted. Budgeted loan payment (princ $2,443, int $489) for water tower refurbishing - payment #10 of 11 - balance o/s 12/31/91 $2,443. Budgeted payment, 6th installment of 15 for special assessments for sanitary sewer on City owned property in Crystal Bay (princ $3,080, int $2,830). Balance o/s 12/31/91 $27,695. Transfer of 1991 special assessments col lected to repay monies borrowed for Co. Rd. 15 street light project. Balance o/s 12/31/91 $60,621.90. Payment 2 of 5 for City share of costs of Woodhill Ave. street improvement project (princ $1,494, int $486). Balance o/s 12/31/91 $4,484. No amount was budgeted for payment 4 of 10 for City share of costs of Co. Rd. 15 street improvement project. Bal o/s 12/31/91 $154,000. It is requested that the foregoing transfer, loan and special assessment payments be approved effective December 31, 1^91.h'- Mi'll i ^