HomeMy WebLinkAbout[04d] Transfers Council Agenda Item 4d
MEETING DATE: November 14, 2016
AGENDA ITEM: Transfers
SUBMITTED BY: Finance
BOARD/COMMISSION/COMMITTEE RECOMMENDATION: None
PREVIOUS COUNCIL ACTION: Council accepted debt management study and bond issues.
BACKGROUND INFORMATION:
The operating transfers listed are funding the November principal bond payments. The transfers are
annual transfers. The bond payments will be included in the next council packet. The water fund has two
bonds paid in full this year,reducing the water bonds outstanding by $545,000.
The last two transfers are annual reimbursement transfers to charge staff/equipment time for street
sweeping and compost functions. The charges reimburse the general fund where the costs are incurred.
BUDGET/FISCAL IMPACT: $576,790 between funds
ATTACHMENTS: Request for Council Action—Transfers
Summary of Transfers
REQUESTED COUNCIL ACTION: Authorize the 2016 operating transfers as requested.