HomeMy WebLinkAbout[04c] Transfers
Council Agenda Item 4c
MEETING DATE: June 3, 2019
AGENDA ITEM: Transfers
SUBMITTED BY: Finance
BOARD/COMMISSION/COMMITTEE RECOMMENDATION: None
PREVIOUS COUNCIL ACTION: None
BACKGROUND INFORMATION:
Operational transfers move funds from one fund to another. The transfer below is to reimburse the EDA
fund from TIF 4-1 (fund 153) for TIF setup escrow fees reported in TIF 1-4 in prior years. The
professional services were expensed out of the EDA fund. The transfer will match the revenue and
expenditures.
Transfer In Transfer Out
Fund 153 Fortitude Housing $2,139.00
Fund 150 EDA $2,139.00
BUDGET/FISCAL IMPACT: $2,139 between funds
ATTACHMENTS: Request for Council Action – Transfers
REQUESTED COUNCIL ACTION: Authorize the transfers as presented.