HomeMy WebLinkAbout1991-05-29 91-224 ORDERDaft w5n2R-91 Item No. 91-224
Imm/8ebjecn Transfer of Funds Bass Park Capital Project
Responsible Department Finance
Commentary:.
The Bass Park track lighting project (5292) is overdrawn
$31,462.58. This action would transfer funds from the Bass Park
Capital Reserve Account, the -Auditorium Roof project and Race
Track improvements projects to fund the deficit. The net effect
would be to: close the Lighting project (5292)
close the Auditorium project (5256)
zero the Capital Reserve Acct. (89-2230), and
reduce track improvement project (5340)
(attached 5/20/91 memo)
Depapamerad
Manager's Comments:—fl
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Introduced For
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❑First Reading Page_of_
❑ Referral
91-224
Amigaed to Com lot' Sawyer, May 29, 1991 ~
CITY OF BANGOR
(TITLE.) (Drbe; Transfer of Funds Bass Park Capital. Projects
BY Ihs city COauR of W CRY ofBa*Oar.
ORDERED,
TEAT The following, transfers of funds be made to fund
a $31,462.58 deficit in The Base Park Track Lighting Project
account (5292),
from Bass Park Reserve for Capital Improvements
(89-2230) $21,333.14
from Bass Park Auditorium Roof Project
(5256) 8,863.05
from Bass Park Race Track Improvements
Project (5340) 1,266.39
$31,462.58
In City Council M@' 29,1991 98-22LR D E R
Passed 0'
-.90 �nff Title,
City C erk Trsntfer of Fools Hass Park Qapital Projects
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�r� Councilmen
91-224
CIT}Y�OF M
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MAINE
AP' FINANCE DEPARTMENT TEL, 2071945m00
John OwRamro, Finance DInaum
May 20, 1991
Edward A. Barrett, City Manager
John Quartararo, Finance Director
Bass Park Capital Accounts
The Bass Park Track Lighting Project is overdrawn $31,462.58 and the Shy
project is complete and needs to be closed out. I am proposing the
followingtransfers to close this project out:
1. Transfer of $8,863.05 excess appropriations from Bass Park
Auditorium Roof Project 5256;
2. Transfer of $1,266.39 from the Race Track Improvements
Project 5340 (unencumbered balance would be $9,340.01); and,
3. Transfer of $21,333.14 from the Bass Park Reserve for Capital
Improvements account 89-2230.
This action would fund the overexpenditure in the lighting project and
close the project, and would also close the roof project. This action
would leave the race track project with $9,340.81 in m numbered funds
for completion of work at the raceway and close the Bass Park Reserve for
Capital Improvements. Finally, this action will not require assistance
from the General Fund to support the projects.