City of Racine - File #: 08-1999

• File #: 08-1999
• Version: A
• Name: Transfer funds from the general fund to various special revenue funds to offset accumulated deficits in those funds for the year ended December 31, 2007.
• Type: Communication
• Status: Passed
• File created: 4/11/2008
• In control: Finance and Personnel Committee
• Final action: 5/6/2008
• Title: Subject: Communication from the Assistant Finance Director requesting to appear before the Finance & Personnel Committee wishing to discuss the transfer of funds from the general fund to various special revenue funds to offset accumulated deficits in those funds for the year ended December 31, 2007. (Res. 08-0776) Recommendation of the Finance & Personnel Committee on 4-21-08: Permission granted for the Assistant Finance Director transfer $28,285.96 from the general fund to the bulky waste site special revenue fund to cover the 2007 deficit in the fund and to transfer $19,105.77 from the general fund to the municipal court special revenue fund to cover an accumulated deficit in the fund. Fiscal Note: Total transfer out of the general fund will be $47,391.73 and will be appropriated from the contingency fund. Funds are available in the contingency fund.
• Related files: Res.08-0776

Date	Ver.	Action By	Action	Result
5/6/2008	A	Common Council	Approved as Presented	Pass
4/21/2008	A	Finance and Personnel Committee
4/14/2008	A	Common Council	Referred

Title

Subject: Communication from the Assistant Finance Director requesting to appear before the Finance & Personnel Committee wishing to discuss the transfer of funds from the general fund to various special revenue funds to offset accumulated deficits in those funds for the year ended December 31, 2007.  (Res. 08-0776)

Recommendation of the Finance & Personnel Committee on 4-21-08: Permission granted for the Assistant Finance Director transfer $28,285.96 from the general fund to the bulky waste site special revenue fund to cover the 2007 deficit in the fund and to transfer $19,105.77 from the general fund to the municipal court special revenue fund to cover an accumulated deficit in the fund.

Fiscal Note:  Total transfer out of the general fund will be $47,391.73 and will be appropriated from the contingency fund.  Funds are available in the contingency fund.