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AGENDA ITEM 1213 A <br />STAFF ORIGINATOR Randy Schumacher <br />DATE 03/10/95 <br />TOPIC Approve Resolution 95-28 Transferring Funds from the <br />General Fund to the Community Development Block Grant <br />Fund(CDBG) <br />Keil' <br />As of December 31, 1994, there remains a pre -audit negative cash balance in the <br />CDBG fund of approximately $11,261.00 ($6,939:00 from 1993, $4,322.00 from <br />1994). A transfer from General fund should be made to eliminate the negative cash <br />balance. <br />The negative cash balance is primarily due to excess Senior Coordinator wages and <br />benefits not reimbursed through block grant dollars. <br />a. Transfer $11,261.00 from General fund to the CDBG fund to eliminate the <br />negative cash balance. <br />