HomeMy WebLinkAboutAGENDA REPORT 1991 0807 CC REG ITEM 08NITE 8.N
M
MOORPARK
799 Moorpark Avenue Moorpark, California 93021
To: The Honorable City Council
From: Boyer, Wayne Y Y , Fin ance Off cer( 0-
Date: July 30, 1991
(805) 529 -6864
M ✓OORPARK, CAUFORMA
City Coundll Meeting
of % 199
ACTION: I ./�t1�G2�
Subject: Request for Interfund Transfers FY 90 -91
Request for Additional Appropriations FY 90 -91
INTERFUND TRANSFERS
BACKGROUND
In projecting financial activity tr June 30, 1991, four funds will
have a deficit fund balance. Those funds sire:
Fund 33 Recreation $(18,299)
Fund 58 Solid Waste Management $ �' 62, 445)
Total $(80,744)
Transfers from the General Fund t� these funds are necessary to
aleviate the deficit conditions,
DISCUSSION
Fund 33 Recreation
Estimated revenues for Adult Sports and Contract Classes will show
marked declines from original budget amounts. Diminished Adult
Sports revenues are partially attributed to the closing of Peach
Hill Park for reseeding of the p.la),:ing fields.
Fund 58 Solid Waste Management
This Fund was established during 1969/90 with an initial loan from
the General Fund. Subsequent collection of franchise fees and
reimbursements of administrative costs were to fund ongoing
operations. However, the 1991/92 budget proposes Fund 58 be
disolved and the Solid Waste operati :)n be part. of the General Fund.
A transfer from the General Func to Fund 58 is necessary to
finalize financial activity for
PAUL W. LAWRASON JR BERNARDO M PERf_Z SCOTT MONTGC.,ALR' HOY E TALLEY JR JOHN E WOZNIAK
Mayor Mayor Pro rem Counc hnemr Councilmember
Councilmember
The Honorable City Council
July 30, 1991.
Page 2
These proposed transfers appear on the Budget Summary by Fund page
of the 1991/92 City Budget and consequently will not reduce General
Fund Balance estimates.
ADDITIONAL APPROPRIATIONS
Presented elsewhere in this agenda packet is a report from the City
Clerk regarding costs for the Marc`- 5, 1991 election.
The report requests an additiona_ appropriation of $5,600 from
General Fund Reserves for F ections Expense line item
001.4.113.649.
Staff requests that the additional appropriation be approved under
this report to consolidate financa � l .ictivity.
RECOMMENDATION
That the City Council authorize:
General Fund transfers to the fol. owing Funds:
Fund 33 Recreation $18,299
Fund 58 Solid Waste Managem{�nt $62,445
and an appropriation from Genera, Fund Reserves of $5,600 to
line item 001.4.113.649.