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1390.3 <br />TO: Mark E. Bernhardson, City Administrator <br />FR(M: Tom Kuehn, Finance Director <br />DATE: December 31, 1989 <br />SUBJECT: 1989 Interfund Transfers and Loan Payments <br />At the end of each year it is necessary to transfer monies <br />between certain funds for the purpose of providing support as <br />budgeted or for repayment of outstanding loans, as scheduled. <br />The necessary transactions for 1989 are listed below. <br />FUNDS <br />FROM AMOUNT <br />General <br />General <br />General <br />Imp & Equip Outlay $49,200.00 <br />Bldg Cap Project $120,000.00 <br />Permanent Improve <br />Revolving (PIR) <br />$30,000.00 <br />Sewer Operating 1966-76 Improvement $15,704.00 <br />Bond Debt Service <br />Water Operating Sewer Operating $ 3,420.00 <br />General 1985 Imp Bond <br />Debt Service <br />$ 6,480.00 <br />PURPOSE <br />Annual operating transfer <br />for capital equipment, <br />new and replacement as <br />budgeted <br />Annual operating transfer <br />for buildings replacement <br />as budgeted <br />Payment 2 of 10 for City <br />share of costs of Co. Rd. <br />15 street improvement <br />project. (Princ $16,800, <br />int $13,200) Bal o/s <br />12/31/89 $172,000 <br />Repayment of Metro Wastrr <br />Control debt credits, <br />final installment. <br />Budgeted loan payment <br />(princ $2,443, int $977' <br />for water tower <br />refurbishing - payment #P <br />of 10 - balance o/s <br />12/31/89 $7,329 <br />Budgeted payment, 4th <br />installment of 15 for <br />special assessments fo. <br />sanitary sewer on City <br />owned property in Crystal <br />Bay (princ $3,080, int <br />$3,400). Balance o/s <br />12/31/89 $33,855