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of Little cancio <br />COMMUNITY PRIDE <br />1953 - <2003 <br />515 Little Canada Road, Little Canada, MN 55117 -1600 <br />(651) 766 -4029 / FAX: (651) 766-4048 <br />RRVNV. ci.1ittle -ca nada.m n.us <br />MEMORANDUM <br />TO: Mayor Fahey and Members of the City Council <br />FROM: Shelly Rueckert, Accounting Supervisor <br />DATE: October 16, 2003 <br />RE: Transfer of Funds <br />MAYOR <br />Michael I. Fahcv <br />COL!i\ ]L <br />Jim IaValle <br />Blatt Anderson <br />Rick Montour <br />Bill Blesener <br />ADA1II1 VIST1IATOR <br />Joel R. Hanson <br />The total amount assessed for 2003 Improvements is $612,471.20. Of that amount, $21,772.00 was <br />assessed for watermain. The majority of the cost of the watermain improvement is paid from the <br />Water & Sewer Replacement Fund. Consistent with past practice, assessments have been recorded <br />into the Infrastructure Fund and a transfer of the watermain portion to the Water & Sewer <br />Replacement Fund is now recommended. <br />Staff is recommending a transfer of $21,772 from the Infrastructure Fund to the Water & Sewer <br />Replacement Fund. <br />