My WebLink
|
Help
|
About
|
Sign Out
Home
Search
2003-171 Council Resolution
LinoLakes
>
City Council
>
City Council Resolutions
>
2003
>
2003-171 Council Resolution
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/29/2015 11:50:58 AM
Creation date
7/29/2015 11:39:51 AM
Metadata
Fields
Template:
City Council
Council Document Type
Resolutions
Meeting Date
10/13/2003
Council Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
2
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
• <br />• <br />• <br />AGENDA ITEM 1C <br />STAFF ORIGINATOR Al Rolek <br />MEETING DATE 10/13/03 <br />TOPIC Resolution 03-171 Authorizing the Closing of 1996 <br />Construction Capital Projects Fund <br />VOTE REQUIRED Simple Majority <br />BACKGROUND <br />The City established the 1996 Construction Fund ( Fund 456) to account for the activity <br />of the Trappers Crossing, Centennial School, Pheasant Hills 7th Addition and Marshan <br />Condos improvement projects. All of the projects associated with these funds have <br />been completed and the contracts have been closed out. No further activity is <br />anticipated in these funds. There is a residual balance in this fund of $738,500.62. <br />It is standard practice to close inactive funds at the completion of the associated <br />projects. In accordance with generally accepted accounting principals the funds are to <br />be closed to the corresponding debt service fund or the fund from which the funding for <br />the project originated. In this case, the Improvement Bond 1996A Debt Service Fund is <br />the appropriate fund into which this construction fund should be closed. Therefore, it is <br />staffs recommendation that the City Council adopt Resolution 03-171 authorizing the <br />closing of this fund and the residual equity transfer resulting from the closure. <br />OPTIONS <br />1. Adopt Resolution 03-171 Authorizing the Closing Of Capital Projects Fund <br />2. Refer back to Staff for further consideration. <br />3. Deny Resolution 03-171. <br />RECOMMENDATION <br />Option 1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.