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12/15/1997 Council Minutes
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12/15/1997 Council Minutes
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City Council
Council Document Type
Council Minutes
Meeting Date
12/15/1997
Council Meeting Type
Regular
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COUNCIL MINUTES DECEMBER 15, 1997 <br />Consideration of Resolutions for the Final 1997 Fund Transfers (All following resolutions <br />may be adopted by one motion) <br />Ms. Vaske explained that each year the Finance Department presents resolutions for various <br />financial corrections, reallocations, and fund closures. The following resolutions include <br />transfers to eliminate deficit in the 1992 bond fund from the Area and Unit Fund, to pay for <br />costs of EDA meetings from TIF 1-7, to pay costs associated with Centennial School <br />construction that was assessed, to close prior year escrow balances that are uncollectible, to <br />CDBG Fund for costs associated with the Senior Coordinator, to close Certificates of <br />Indebtedness 1994 and 1995 which have matured, to cover TIF expenses related to Emergency <br />Apparatus Maintenance, to cover TIF expenses related to Custom Remodelers, and amending the <br />1997 Budget for various costs. <br />Resolution No. 97 - 174 Transferring Funds from the Area and Unit Fund to the G.O. <br />Improvement Bond Fund <br />Resolution No. 97 - 175 Authorizing the Transfer of Moneys from TIF No. 1-7 to the <br />Economic Development Fund <br />Resolution No. 97 - 176 Authorizing the Transfer of Moneys from the Area and Unit Fund <br />to the Escrow Fund (Centennial Middle School) <br />Resolution No. 97 - 177 Authorizing the Transfer of Moneys from the General Fund to the <br />Escrow Fund (Write off old escrows) <br />Resolution No. 97 -178 Authorizing the Transfer of Moneys from the General Fund to the <br />Community Development Block Grant (CDBG) Fund <br />Resolution No. 97 - 179 Authorizing the Transfer of Moneys from the Certificates of <br />Indebtedness 1994 and 1995 to the Closed Bond Fund <br />Resolution No. 97 - 181 Transferring Funds from TIF 1-7 Escrow Fund (Emergency <br />Apparatus Maintenance, EAM) <br />Resolution No. 97 - 182 Transferring Funds from TIF 1-7 to the Escrow Fund (Custom <br />Remodelers) <br />Resolution No. 97 - 183 Amending the 1997 General Fund Budget <br />Council Member Bergeson moved to adopt Resolutions No. 97 - 174 through 97 - 183 (No. 97 - <br />180 omitted). Council Member Lyden seconded the motion. Motion carried unanimously. <br />Resolutions No. 97 - 174, 97 - 175, 97 - 176, 97 - 177, 97 - 178, 97 - 179, 97 - 181, 97 - 182, and <br />97 - 183 can be found at the end of these minutes. <br />6 <br />
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