HomeMy Public PortalAboutAB 03-129 H2O Fund Cont Rev TransferCITY COUNCIL City of McCall
AGENDA BILL 216 East Park Street
Number AB 03-129 McCall, ID 83638
Date September 11, 2003
ITEM INFORMATION
SUBJECT:
Original Agenda Date
& Bill No.
Department/Committee/Individual
Initials
Remarks
Transfer from Contingent
A
Mayor / Council
Revenue to Appropriated
P
City Manager
Fund Balance.
P
Finance
Director/City Clerk
R
Deputy City Clerk
O
Community Development
V
Police Chief
A
Public Works
originator
L
Director of Golf & Parks
Operations
COST IMPACT: $50,000.00
S
Recreation Director
FUNDING SOURCE:
Airport Manager
Water Fund
Librarian
TIMELINE:
City Attorney
Immediate
G
rant Coordinator
SUMMARY STATEMENT:
Due to the timing of refunding the water revenue bonds, an extra payment is due in September, current fiscal year. Principal of $22,500.00
and Interest of $12,971.67 – Total payment $35,471.67. The Department will use the remaining funds, $14,528.33 to cover expenses in Professional Fees-M.W. Case.
The Water Department
requests transfer of funds from Water Fund Contingent Revenue 60-40-100, to Appropriated Fund Balance 60-36-999, and from Contingent Expense 60-66-100 to Bond Principal 60-64-802, Bond
Interest 60-64-803, and Professional Fees-M.W. Case 60-64-311.
RECOMMENDED ACTION: Council to approve transfer
RECORD OF COUNCIL ACTION
Meeting Date
Action
September
11, 2003
Transfer approved