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HomeMy WebLinkAbout1991-06-10 91-240 ORDERData weU 6'Le 1091 Item No. 9E-250 Item/Subjoar Transfer of Certain Accounts within the Capital Fund to The Enterprise Funds Responsible Department: Finance Commentary: Council Order 85-2A established/recognized certain reserve for future Construction Accounts within The Capital Fund con behalf of Enterprise Funds. This action would direct that effective 6/30/91 those accounts balances be transfarted to reserve accounts which exist within Enterprise Funds or establish such reserve accounts within the procedures and intent of Council Order 85-219. - ra"ll Manager's commenn:T� � d . W �t J. :..'ffl_ plLbsl�M1`t O'er P-Naa. s+..,"'.,'(. Associated Information; NAA1 Budget Approval: N/A riw,,e Uircner Legal Approval +t�. Ciq Soli�ibn Introduced For Opasage - ❑ First Reading page_ of— ❑ Referral r9 CITY OF BANGOR (TITLE.) Vtlrbery .Transfer of Certain Accounts Within The.. Capital .._.. _.... _ .... Pund to Enterprise Funds By zA City Comm! of City ofBdsp .- ORDERED, TUT WMMEAS, Council Order 85-219 establish certain reserve for future construction accounts within The Capital Fund to account for amounts due various Enterprise Funds and %M-afA8, General Accepted Accounting Principals would require that such reserve funds be housed within their respective Enterprise Funds, be it ordered 1TFATIthe balance in these accounts be transferred from the Capital Fund to the respective Enterprise fund effective 6/30/91; be maintained within similar reserve for 'capital improvement accounts within each fund or by the establishment of such account where one does not exist, consistent with the procedures and intent by _ Council Order 85-219. 91-240 Auigned[o Comdor Saxl, June 10, 1991 r9 CITY OF BANGOR (TITLE.) Vtlrbery .Transfer of Certain Accounts Within The.. Capital .._.. _.... _ .... Pund to Enterprise Funds By zA City Comm! of City ofBdsp .- ORDERED, TUT WMMEAS, Council Order 85-219 establish certain reserve for future construction accounts within The Capital Fund to account for amounts due various Enterprise Funds and %M-afA8, General Accepted Accounting Principals would require that such reserve funds be housed within their respective Enterprise Funds, be it ordered 1TFATIthe balance in these accounts be transferred from the Capital Fund to the respective Enterprise fund effective 6/30/91; be maintained within similar reserve for 'capital improvement accounts within each fund or by the establishment of such account where one does not exist, consistent with the procedures and intent by _ Council Order 85-219. In City Council June 10, 1991 Passed City,Clerk r I I 91-240 0 RUIR Title, Transfer of Certain Accounts Within the CnPAP.I. FPPds ..........................