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515 Little Canada Road, Little Canada, MN 55117-1600 <br />(651.) 766-4029 / FAX: (651) 766-4048 <br />www,ci,little-canada. mn. us <br />MEMORANDUM <br />TO: Mayor Keis and Members of the City Council <br />FROM: Sharon Provos, Finance Director <br />DATE: September 2, 2015 <br />RE: Fund Transfer <br />MAYOR <br />John Keis <br />COUNCIL <br />Rick Montour <br />Michael McGraw <br />Tom Fischer <br />Christian Torkelson <br />ADMINISTRATOR <br />Joel R, Hanson <br />Attached is the calculation for a transfer from the General Fund to the General Capital Improvements <br />Fund. This transfer is consistent with the City's General Fund Cash Flow Policy, and keeps the fund <br />balance on the high end of our targeted range (42.5% to 65% of budgeted General Fund <br />expenditures). <br />Staff feels we can safely transfer $187,425 from the General Fund to the General Capital <br />Improvement Fund. Staff recommends approval of the transfer as proposed. <br />