Laserfiche WebLink
MEMORANDUM <br />TO: SAMANTHA ORDUNO, CITY ADMINISTRATOR <br />FROM: DON BRAGER, FINANCE DIRECTOR <br />DATE: May 1, 1995 <br />SUBJECT: GENERAL FUND CAPITAL OUTLAY - FINANCING SOURCES <br />Financing sources for 1995 General Fund Capital Outlay are listed below. <br />GENERAL FUND CAPITAL OUTLAY - 1995 FINANCING SOURCES <br />Silver Lake Woods $125,000 <br />Special Projects 49,554 <br />Vehicle & Equipment 67,753 <br />Fund Balance 7,333 <br />Property taxes 72,617 <br />Total $322,257 <br />Financing Sources for 1996 General Fund Capital Outlay include the following: <br />Silver Lake Woods Project Fund, $110.000. If actual expenditures for 1995 <br />street maintenance and sealcoating equal the $125,000 budgeted, and if actual <br />expenditures for 1996 street maintenance and sealcoating equal $110,000, the <br />fund will have been depleted by the end of 1996. A new source of funding for <br />street maintenance and sealcoating will then need to be found for 1997 and <br />future years. <br />Special Projects Fund. $99,064. Interest income of $69,236 is projected for <br />1996, and in 1994 actual interest income exceeded projected interest income by <br />$29,828. <br />• Vehicle & Equipment Fund. $0.00. Capital Outlay presently proposed for 1996 <br />does not include the replacement of any vehicles or equipment on the fund's <br />