HomeMy Public PortalAboutAB 17-203 Sewer Annexation Funds TransferMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 17-203
Meeting Date September 14, 2017
AGENDA ITEM INFORMATION
SUBJECT:
Request to Approve the Sewer Annexation Funds Transfer
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
/
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
$1,484,204
Parks and Recreation
FUNDING SOURCE:
Sewer Fund
Airport
Library
TIMELINE:
N/A
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
Treasurer’s department report revised to include “Pursuant to the Agreement of Annexation Plan, Property Transfer and Agreement of Operations Subject to Conditions Precedent.”
Finance staff is working to close out the City Sewer Fund as of August 31, 2017. Staff is working with vendors that supplied goods and services for sewer services up to August 31 to
submit all invoices for payment. The Sewer Fund available cash held in the Local Government Investment Pool, LGIP #1181, was transferred to the City Combined checking account to be
remitted to the PLRWSD less retainage of $180,000 to pay Sewer Fund liabilities through August 31, 2017. A check in the amount $1,484,204 is ready to send to PLRWSD once funds are available
and deposited in the City Combined checking account. The City will bill for August services and continue to accept payment for sewer services until the August services are considered
due and delinquent, October 10, 2017. At that time remaining sewer service accounts receivable and all remaining cash will be transferred to PLRWSD. The Treasurer will work closely
with the PLRWSD Administrator to compile a final accounting for review and approval by both the City Council and the District Board. Pursuant to the Agreement of Annexation Plan, Property
Transfer and Agreement of Operations Subject to Conditions Precedent.
RECOMMENDED ACTION:
Approve funds transfer in amount of $1,484,204 from the Sewer Fund investment Local Government Investment Pool account number 1181, to Payette Lakes Recreational Water Sewer District
and authorize the Treasurer to mail the check.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
May 25, 2017
Approval of the Agreement of Annexation Plan, Property Transfer and Agreement of Operations Subject to Conditions Precedent