HomeMy Public PortalAboutResolution #2017-21, Correcting Accounting Ledger Omission Concerning Budgedted Transfers RESOLUTION 2017—21
RESOLUTION CORRECTING ACCOUNTING LEDGER OMISSION CONCERNING
BUDGETED TRANSFERS
WHEREAS,the City Council budgeted$60,000 in transfers for Fiscal Year 2017; and
WHEREAS,the City Clerk/Treasurer has determined those transfers never took place; and
WHEREAS,this omission can be corrected by transferring $20,000 from 121-000-1110 LOCAL
OPTION Checking account to the 301-000-1110 CAPITAL RESERVE Checking; and
WHEREAS,the second omission can be corrected by transferring $40,000 from 121-000-1110
LOCAL OPTION Checking account to the 001-000-1110 GENERAL FUND Checking account
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Riverdale, Iowa
authorizes the transfer to correct the ledger omission by transferring $60,000 from the 121-000-
1110 LOCAL OPTION Checking account to $20,000 to 301-000-1110 CAPITAL PROJECTS
Checking account and$40,000 to 001-000-1110 GENERAL FUND Checking account.
This Resolution shall take immediate effect.
PASSED, APPROVED,AND ADOPTED THIS 20th day of June, 2017.
City Council Members Ayes Nays Absent
Cheryl Channon _ x_
Dean Halsey _x_
Linda Hupp _x_
Doug Littrel x_
George Seaberg _
ATTEST BY:
Pedes
Sonya Pollock, Mayor Ronald Fuller ove, City Clerk
GLBANK01 Tue Jun 27, 2017 10:21 AM CITY OF RIVERDALE IA OPER: REF PAGE 1
01.05.17 GENERAL LEDGER TRANSACTION JOURNAL JRNL:1134
CALENDAR 6/2017, FISCAL 12/2017
ACCOUNT NUMBER ACCOUNT NAME RCPT DATE REFERENCE CHK/CRD# OTHER INFO DEBITS CREDITS
121-000-1110 CHECKING - LOCAL OPTION 62717 CASH TRANSFER DOLLARS IN INCO .00 60000.00
001-000-1110 CHECKING - GENERAL 62717 CASH TRANSFER DOLLARS IN INCO 40000.00 .00
301-000-1110 CHECKING - CAPITAL RESERVE 62717 CASH TRANSFER DOLLARS IN INCO 20000.00 .00
121-910-6910 TRANSFER OUT 62717 CASH TRANSFER DOLLARS IN INCO 60000.00 .00
001-910-4830 TRANSFER IN 62717 CASH TRANSFER DOLLARS IN INCO .00 40000.00
301-910-4830 TRANSFER IN 62717 CASH TRANSFER DOLLARS IN INCO .00 20000.00
TOTALS 120000.00 120000.00
BANK 1 TOTAL BANK TRANSFER FROM 60000.00
BANK 1 TOTAL BANK TRANSFER TO 60000.00
GLBANKO1 Tue Jun 27, 2017 10:21 AM CITY OF RIVERDALE IA OPER: REF PAGE 2
01.05.17 GENERAL LEDGER SUMMARY JRNL:1134
CALENDAR 6/2017, FISCAL 12/2017
ACCOUNT NUMBER ACCOUNT TITLE DEBITS CREDITS NET
001-000-1110 CHECKING - GENERAL 40,000.00 .00 40,000.00
001-910-4830 TRANSFER IN .00 40,000.00 40,000.00-
121-000-1110 CHECKING - LOCAL OPTION .00 60,000.00 60,000.00-
121-910-6910 TRANSFER OUT 60,000.00 .00 60,000.00
301-000-1110 CHECKING - CAPITAL RESERVE 20,000.00 .00 20,000.00
301-910-4830 TRANSFER IN .00 20,000.00 20,000.00-
TRANSACTION TOTALS 120,000.00 120,000.00 .00
FUND NAME DEBITS CREDITS
001 GENERAL 40,000.00 40,000.00
121 LOCAL OPTION SALES TAX 60,000.00 60,000.00
301 CAPITAL RESERVE 20,000.00 20,000.00
TOTALS 120,000.00 120,000.00