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SL <br /> • <br /> MEMORANDUM <br /> DATE: February 26, 1999 <br /> TO: Mike Mornson, City Manager <br /> FROM: Roger Larson, Finance Director <br /> ITEM: POLICE FORFEITURE FUND <br /> Chief Engstrom has requested that I review the Police Forfeiture Fund to determine if <br /> the funds available are adequate to purchase a forfeited 1997 Ford pickup truck. <br /> The current fund balance totals $23,939.12 and is accessible to finance the purchase <br /> that the Chief is proposing. In addition to the fund balance available, the monies <br /> derived from other administratively forfeited vehicles (soon to be sold at auction) can <br /> be designated to partially reimburse the Fund for the expenditure. <br /> Since the revenues in this Fund are derived from forfeiture proceedings of law <br /> enforcement, it would be an excellent source of funding for the purchase of a CSO <br /> vehicle. <br />