Laserfiche WebLink
1 <br />-1290.3 <br />TO: <br />FROM: <br />DATE: <br />Mayor and City Council <br />Mark Bernhardson, City Administrato <br />January 2, 1990 <br />tVj££; jf^'g <br />JAM 8 i990 <br />CiTV OP <br />SUBJECT: 1989 Interfund Transfers and Loan Payments <br />Attachment: A. Finance Director's Memo Dated 12/31/89 <br />ISSUE <br />Approval of end of the year transfers between funds. <br />INTRODUCTION <br />At the end of each year the Council is requested to formally <br />transfer monies between funds. These transfers fall into two <br />catagories; <br />a.) Budgeted Transfers - Items designated in that years <br />budget when originally approved. These require formal <br />fund transfer to implement. <br />b.) Fund C ations - Loans and payments from one fund <br />to another to reimburse expenses incurred by one fund on <br />behalf of another. This is generally for City portions <br />of special assessments. <br />ALTERNATIVES <br />1. Adopt <br />2. Table for further information. <br />RECOMMENDATION <br />Recommend approval. <br />PROPOSED MOTION - Moved by _, seconded by _, that the inter fund <br />operating transfers, loan payments and special assessments <br />payments on City property be approved as proposed, effective <br />December 31, 1989. Ayes , Nays