HomeMy WebLinkAbout1984-06-25 84-241 ORDER64-241
Introduced by Councilors.. Browny 9y11ey Fyiwne 25,
CITY OF BANGOR BB
(TITLE.) Establishing Re f Non-C rent Receivables and
.
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Advances to Enterprise Foods
By the qty (byuB of As OUR OfBaxyor:
ORDERED.
THAT a Reserve for Non -Current Receivables in the am uat of $681,770 be
established by charging same against the Undesignated fund Balance (91-2410);
end be it further Ordered,
That a]:Reserv: for Advances to Enterprise Fords in the amount of $713,000
be established by charging same against the Redesignated Fund Balance
(91-2410). -
Statement of Fact: Me above action will allowecognition of the reservations
of fund balance made by the auditors on the Jane 30, 1983 audit report.
The $681,770 represents charges for debt payments (principal and interest)
as well as operating charges for the Bass Park Corp. in prior years.
The $713,000 is made up of $500,000 advanced to the Airport Ford and
$213,000 advanced to theCityNursing Facility for prior years.
IV CITY C0=1L
JUna 25, 1984
Passed
M-241
ORDER
'84 :W20 P429
Title,
RECFIVF.0
,b1 nin Re, ,, ve fo x,n
CITY OF
ANGOR
CRY CLERK
Receivables a� Advances to Entevp[ise
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Puide
Introduce�d and filed by
car OA loran