HomeMy WebLinkAbout20091221 - VI-16
MEMO
TO: Honorable Mayor and City Council members
FROM: Charlene A. Stark, Finance Director
RE: Closing Funds and Transfers
DATE: November 30, 2009
Per the debt service documents all remaining funds in a capital account shall be
transferred to the debt service to pay off the corresponding debt that was issued.
All construction contracts have been closed out and the remaining excess funds in
(498) are requested to be transferred to the debt service fund (528). The remaining
funds to date are $866,657.41 Fund (498) will be closed.
Council Action Requested:
Approve the above transfers and fund closing.