Laserfiche WebLink
Attie <br />anada <br />515 Little Canada Road, Little Canada, MN 551.174600 <br />(651) 766 -4029 / FAX: (657.) 766 -4048 <br />www.ci.little-canada.mn.us <br />MEMORANDUM <br />TO: Mayor Biesener and Members of the City Council <br />FROM: Sharon Provos, Finance Director <br />DATE: December 14, 2012 <br />RE: Establishment of Fire Equipment Replacement Fund <br />Transfer from General Capital Improvement Fund <br />MAYOR <br />Bill Blesener <br />COUNCIL <br />Rick Montour <br />John Keis <br />Michael McGraw <br />Shelly Boss <br />ADMINISTRATOR <br />Joel R. Hanson <br />The City has been accumulating money within the General Capital Improvement Fund to <br />provide a funding source for future fire apparatus purchases. As of December 31, 2012, <br />the City will have accumulated $322,833 for this purpose. As discussed at the October <br />24, 2012, budget workshop, it would be easier to account for these fiords if they were <br />transferred to a new Capital Project Fund established for this specific purpose. <br />Staff is recommending the attached resolution establishing the Fire Equipment <br />Replacement Fund and transferring the accumulated balance set aside for future fire truck <br />purchase to the new fund. <br />