HomeMy WebLinkAbout20080303 - VI-05VI-5
MEMO
TO: Honorable Mayor and City Council members
FROM: Charlene A. Stark, Finance Director
RE: Budget Adjustments and transfers
DATE: February 27, 2008
The furniture for the City hall lobby and conference room was priced out at about $23,680. Administration
is requesting the budget adjustment and transfer from the wastewater SAC account to cover this expense.
This was part of the city hall lobby remodel and funds have previously been transferred from the
wastewater SAC account for the other lobby costs.
The Le Duc Mansion has two non-operating trust funds as part of the trust and will of the Simmons estate.
Periodically during the year the excess earnings in these two funds are transferred to the operating fund to
fund ongoing programs and maintenance of the site. Request to transfer $5,415 from the C. Simmons Trust
fund and $37,889.63 from the C. Simmons Residuary Trust fund.
In 2007 the Fire department requested to transfer and adjust the budget for the ambulance equipment by
75,000. In the rollovers for this year I had forgotten this request. I submit to you an additional rollover
request and transfer of ERF funds of 75,000.00.
Council Action Requested:
Approve the above budget adjustments and transfers.