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
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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