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HomeMy WebLinkAbout1992-03-23 92-182 ORDERncu Date eo 3/23/19926 Item Mo. 92_182 IMm/subpmtC Transfer of Bond Appropriations within Sewer Fend Capital Protects Respomible Department Finance Commentary: The city auditor has recommend the transfer of 1989 and 1990 bond monies between weary projects boused in the Capital Pune. The purpose of this transfer is to wersuat these bond meanies so as to reduce the amount of arbitrage the city woulduotbervise pay to the federal govemment. These transfers world be effective 6/30/91 to match up with the auditor's Assumptions is computing the arbitrage payable to the federal government; additional transfers will be required subsequent:.✓ This item was reviewed at Finance Committee on March 16, 1992 and recommended for approval to the City COuncil. meant Used Manager's Comments: oo��j��pp`� �'{f�/dQOY/ta�ufa.�AA nn �• �e JI �nwl.�..I...nl City Mamrgn Associated Information: Budget Approval: t Face 0ircrmr Legal Approval: Fltysoach . Induced For passage ❑ First Reading Paye _of_ ❑ Referral 92-182 Asvgnedto Connector Bragg March 23,1992 /pp CITY OF BANGOR (TITLE.) Mrbg T sfer of Bona Appropriations within Sewer Puna Capital Projects By W City CowwB of Me CRY ofBanpor. ORDERED, TUT the following transfers of bond appropriations betmeen sewer projects - in the Capital Ford are hereby approved effective 6/30/91, per the anldtox's recommendations: Transfer From: (5277) Blanchard Street $ 7,350 (5289) Hoagn Head Sewer extension 20,250 (5305) Secondary T/Plaac .land 49,570 (5306) T/Plant Screens 191,140 Subtotal Transfers From $268,310 Transfer To: (5270) Carr Brook $ 38,267 (5275) Hancock Street 1 30,000 (5278) Dow Trunk 45,000 (5277) Blanchard Street 25,965 (5330) Sever Seperation Study 54,078 (5341) Monitoring Program 75,000' Subtotal Transfers To $268,310. In City Council March 23.1992 Passed Clt Clerk 92-182 DR DEB Title, Transfer of Band Appropriation within 1 S ,hLnd C pit 1 P t' AiagQ. Auipied to - 'U Councilman