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MEMORANDUM . <br /> DATE: February 18, 1998 <br /> TO: Mike Mornson, City Manager <br /> FROM: Roger Larson, Finance Director <br /> ITEM: FIRE TRUCK FUNDING <br /> During the 1998 budgeting process, the City Council tentatively approved the purchase <br /> of a new fire truck at a cost of$225,000.00. The funding is scheduled to come out of <br /> the Revolving Fund #509. <br /> The cash on hand available for the expenditure has been accumulated over a period of <br /> years by transferring general fund reserves (created by revenues exceeding <br /> expenditures) to the Revolving Fund. <br />