HomeMy WebLinkAbout1992-03-23 92-183 ORDERDate u3/23/1992 , ham No. 99- 183
Item/Subject Transfer of band appropriation within Parking Fwd Projects in
the Capital Fwd and the De -authorization and Lapsing of Certain
Responsiblo Deprtmenl�opriatiovs
Finance
Commentary:
The city auditor has re®ended the transfer of 1989 and 1990 band monies
between parking fwd projects housed in the Capital Fwd. The purpose Of
this transfer is to exlwuat these bond manias so as to reduce the amount of
arbitrage the city would otherwise pay to the federal goverumant. This
order further de -authorises local appropriations for two Projects and lapses
those ex ss appropriations to the fwd balance of the parking fund.
The transfer of appropriations would be effective 6130/91 to match up with
the auditor's assumptions in accepting the arbitrage payable to the federal
government.
This item was
reviewed at the Finance Committee on March 16, 1992 and recommended
for approval by the City Council.
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Budget Approval:
Legal Approval:
City Solivew
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L1 First Reading Page_ of—
❑Referral
Assigned to Cauneilor ealdacci March 23,92 92-183
CITY OF BANGOR
(TITLE.) V11rbtr, Trabsfer of Sona Appropriation within Parking Hina. Projects, in,
the Capital Fwd and De -Authorization and Lapsing of Certain Local Appropriations
By time City Cassel of the City ofBenyor:
ORDERED,
THAT
the fallowing transfers of bond
appropriations between parking find
in the Capital Fund are hereby approwd,effeative 6/80/91( per the auditor's
ressnamendations, and That certain local appropriations for parking fwd projects
are hereby de -authorized and lapsed to the
parking fund fund balance:
Transfer From:
(5282) Parking Garage Construction
$128,580
(5283) Cas Works Parking Lot
58,500
Subtotal Transfer Frain:
$187.080
Transfer To:
(5180) Columbia Street Parking
$ 62,757
(5264) Parking Carage Desiga
124,323
Subtotal Transfer To:
$187.080
De -authorization of local appropriations and
lapse to Parking flv:d ?end Balance:
(5180) Columbia STreet Parking
$ 30,000
(5264) Parking Catena Design
140,000
Subtotal De -authorization
$170,000.
In City Council Hatch 23.1992
Passed
C3[ Clerk
92-163
ORDER
Title,
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Parking Fund Projects in the capital fund and
De Authorizlation-and lapsing of certain
loca iopxis[1
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