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Mr. Joseph G. Chlebeck <br />City of Little Canada <br />Page Two <br />July 18, 1984 <br />FIRE TRUCK ACQUISITION CAPITAL PROJECT FUND <br />The December 31, 1983 remaining balance in this fund is detailed on page 26 of <br />our 1983 Management Report. Our original recommendation was to transfer the <br />"erroneous" $10,000 back to the General Fund. This recommendation was also <br />superseded by the City Council last night. <br />The City Council (by consensus, but not formal action) decided to use this money <br />to finance the pending sprinkler system in the City Center (see above). <br />Accordingly, this $10,000 should be transferred to the new City Center Sprinkler <br />System Capital Project Fund. This can be accomplished immediately, subject to <br />formal City Council actions. <br />The remaining assets of this fund apparently committed to finance the Fire Hall <br />sprinkler system. Accordingly, this fund should be left open pending the <br />completion of that project. <br />SENIOR CITIZEN CAPITAL PROJECT FUND <br />This project was substantially completed at December 31, 1983 and final costs <br />(and interfund transfers) should be effected in 1984. This fund should be <br />closed and the remaining cash deficit (approximately $6,000) should be financed <br />by a cash transfer from the General Fund. <br />This fund has interfund receivables and payables at December 31, 1983. <br />Accordingly, these items must be considered when the above cash transfer is <br />made. See Statement 16 and Exhibit 8 in the 1983 Annual Financial Report. <br />This fund can be closed and the above cash transfer effected immediately, sub- <br />ject to City Council action. <br />I have had a recent change of personnel on my staff. Tim Engel, who worked <br />closely on your account, is no longer with us. However, I have designated <br />Ken George to work closely with yourself and Annette. Ken is a Certified Public <br />Accountant and has been with our firm for three years. He is proficient in <br />governmental accounting. He will be working directly with me to continue our <br />services to aid you and Annette as required. <br />If you have any questions or would like to review the above data, please don't <br />hesitate to call myself or Ken. <br />Sincerely, <br />VOTO, REARDON, TAUTGES & CO., LTD. <br />Robert J. Voto, CPA <br />RJV:cl <br />cc: Correspondence File <br />3t4 <br />