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Wednesday, July 23, 2014

Council authorizes additional fund transfers

Tuesday, June 27, 2006

Le Mars City Council Members Tuesday authorized nine interfund transfers for the 2005 - 2006 budget year.

Water funds totaling $41,651.48 were transferred to the Water Sinking Fund for water debt payment while Wastewater Funds of $5,237.75 were moved to the Sewer Sinking Fund for sewer debt payment.

Also transferred was a total of $567,609.36 in T.I.F. funds transferred to the Wastewater Improvement and Capital Project Fund budgets with an additional $125,554.37 in T.I.F. monies transferred to close out old street/special assessment funds.

Road Use Taxes totaling $111,135 were moved to the General Fund for General Fund reimbursement to provide a portion of the cost of a street sweeper. Yet additional transfers included three transfers of $10,000 each from the Road Use Tax, Wastewater, and Water Funds to the General Fund to reimburse the General Fund for the Engineering Department computer and hardware purchase.

A total of $1,402,01 was transferred from the1987 Street Program #3 Funding to the General Fund for an excess balance in the program funding. An additional $813.17 was transferred from the Payroll Clearing Fund to the General Fund for an excess balance and $69.17 was transferred from the Cable TV Fund, also for an excess balance.

A final transfer was that of $125,554.37 moved to Capital Projects to close out the old Street/Special Assessment Funds.



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