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Memo #84-67 <br />page 2 <br />It may not be possible to transfer to the General Fund the amount <br />budgeted in 1984 with the projected neL income of $15,000 being less <br />than the $30,000 budgeted transfer. The retained earnings have been <br />reduced $15,800 since January 1, 1982 because the transfers to the <br />General Fund in 1982 and 1983 were greater than the net income each of <br />those years. There was $135,000 in retained earnings on January 1, <br />1984 but the inventory is usually between $95,000 and $.U5,400 and the <br />cash and invest.nents .ire about $35,000. Sufficient cash must '-je <br />available to properly conduct: the business of operating the store. <br />