Laserfiche WebLink
MEMORANDUM <br /> TO: Susan Hoyt, City Administrator <br /> FROM: Joe Rigdon, City Accountant <br /> SUBJECT: Clarifications in the 1995 Budget (Debt Service and <br /> Capital funds) <br /> DATE: 02/28/95 <br /> Due to staff changeover during 1994, several items were <br /> overlooked while preparing the 1995 budget. These <br /> items affect only debt service and capital project <br /> funds, but do not alter the city's general operating <br /> budget. The suggested changes described below are also <br /> summarized monetarily in attachments A and B. <br /> 1. Debt Service Funds Revenue <br /> Special Assessment revenue not included in the <br /> initial budget <br /> 2. Capital Project Funds Revenue <br /> a. HACA makeup payment revenue for TIF district #1 <br /> (due to special legislation) not included in <br /> the initial budget <br /> b. Tax increment revenue for both district #1 and <br /> #2 not included in the initial budget <br /> 3. Capital Project Funds Expenditures <br /> a. Audit expenses for all current capital funds <br /> were not included in the initial budget <br /> b. Operating transfers to debt service funds in <br /> order to meet bond obligations (the <br /> corresponding revenue in the debt service funds <br /> was included in the 1995 budget, but the <br /> expense was never recognized) <br /> Also attached are the updated 1995 budget summaries for <br /> all debt service and capital project funds, with <br /> changes highlighted. <br /> These expenditures do not contain any new capital <br /> projects, only bookkeeping formalities. <br />