HomeMy WebLinkAboutAGENDA REPORT 1992 0617 CC REG ITEM 08ITO:
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BACKGROUND
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ITEM_ 20
MOORPARK
799 Moorpark Avenue Moorpark, California 93021 (805) 529-6864
DORPARK, CALIFORNIA
City Council Moethg
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Honorable City Council ACTION:
Richard Hare, Deputy City Mana er
e.y
June 17, 1992
Allocation of Contract Accountant Time Charges
Throughout this fiscal year the City has engaged John Riela, CPA as
Contract Accountant to perform specialized accounting services as
needed. This arrangement has allowed the completion of various
accounting projects while at the same time allowing City staff to
concentrate on daily activities.
During the period July 1, 1991 to April 1, 1992 costs of $36,452.50 were
incurred. Upon review, $12,024 in service charges should be re-
allocated to other funds. As budgeted, these costs were allocated as
follows:
FUND
General Fund
Community Dev.
General Fund
DEPARTMENT
Finance
Planning
Admin. Services
ACCOUNT
01.4.116.641
41.4.131.641
01.4.117.641
AMOUNT
$15,916.25
$15,916.25
$ 4,620.00*
*In December 1991, Council approved a transfer of $5,000 from
general fund reserve to the Administrative Services account for
preparation of the accounting system documentation.
ANALYSIS
An analysis has been performed to determine which service charges are
not related to the General Fund (01) or Community Development Fund (41)
and therefore should be transferred to the applicable fund.
The Trust and Agency Fund (39) received $6,424 in charges related to
historical transaction analysis associated with the pre -entitlement
stage of various projects. Cost to be transferred to account
039.2.270.2703.
The Recreation Fund (33) received $688 in charges related to historical
transaction analysis of adult sports income and expense. Cost to be
transferred to account 033.4.148.991. This fund also received $397 in
charges related to historical transaction analysis of contract class
income and expense. Cost to be transferred to account 033.4.148.992.
PAUL W. LAWRASON JR. JOHN E. WOZNIAK SCOTT MONTGOMERY BERNARDO M. PEREZ ROY E. TALLEY JR.
Mayor Mayor Pro Tem Councilmember Councilmember Councilmember
Printed On Recycled Paper
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The Tierra Rejada Rd./Spring Rd. AOC Fund (26) received $630 in charges
related to historical transaction analysis of income and project
expenditures. The accounting costs are an indirect cost of each project
financed by the fund. The fund also received $507 in charges associated
with a review of the Urban West settlement and computation of legal fees
incurred. Cost to be transferred to account 026.4.142.903.
The Los Angeles Ave AOC Fund (27) received $2,870 in charges related to
historical transaction analysis of income and expenditures from
inception of the fund. As noted above, accounting costs are an indirect
cost of each project financed by the fund. Cost to be transferred to
account 027.4.142.903.
The Gas Tax Fund (03) received $508 in charges related to a review of
the Urban West settlement and a computation of legal fees incurred.
Cost to be transferred to account 003.4.142.642.
Recommendation
Staff recommends approval of the transfer of $12,024 of contract
accountant service charges to the funds outlined above from the General
Fund (01) and the Community Development Fund (41).
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