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. CONSENT G3 <br />11/12/03 <br />ITEM: Close Debt Service 1993 Improvement Bonds Fund (312) <br />And Transfer the Remaining Balance to the 1999 NE Quadrant <br />Improvement Bond Fund (317) <br />SUBMITTED BY: Roland O. Olson, Finance Director <br />REVIEWED BY: Matt Mayer, CPA, Kern, DeWenter, Viere Ltd <br />Heather Worthington, City Administrator <br />EXPLANATION: <br />Summary: Staff is requesting the closing of the Debt Service Fund 1993 Improvement Bonds <br />(313) since all debt service for that bond is now fully paid. There is a fund balance of <br />$291,168.39. Staff is requesting the transfer of this balance to the 1999 NE Quadrant <br />Improvement Bonds Fund (317), effective October 1, 2003, and would provide funds to pay the <br />principal and interest payments for this bond during 2004 and 2005. <br />ATTACHMENT: <br />• • Memo of recommendation from Finance Director Roland Olson <br />ACTION REQUESTED: <br />• Close the Debt Service 1993 Improvement Bonds Fund (313) and transfer the ending fund <br />balance to the 1999 NE Quadrant Improvement Bond Fund (317) effective October 1, 2003 <br />• <br />la <br />