HomeMy WebLinkAbout7, Transfers from Designated Funds
Action Item # 7 To General Fundsfrom Designated Funds Authorize Annual Transfers
Annual Transfers from Designated 2 Funded by Vehicle Replacement Fund–Vehicle Replacement in approved FY10 Budget•Funded by Electric and Water Capital Replacement Funds–Board approved
roof replacement May 19, 2010–Headquarters roof replacement•Funded from Water Capital Replacement Fund–District headquarters covered parking structure–Funded from Water Meter Reserve–Water
meter study and ongoing meter installations–over from FY09 to FY10-Two projects carried•Background / History Funds To General Funds
New Information Funds To General FundsAnnual Transfers from Designated 3 Additional funds transfer needed, totaling $62,066–Board authorized transfer of $225,904–Completed in FY10 with
total cost of $287,970–Covered parking structure•Additional funds transfer needed, totaling $749,345–Board authorized transfer of $2,132,708–Completed in FY10 with total cost of $2,882,053–Water
meter study and installation Phase 1 and 2•
New Information (cont.)Funds To General FundsAnnual Transfers from Designated 4 Additional funds transfer needed, totaling $3,164–Board authorized transfer of $155,025–Water Utility
dump truck•Additional funds transfer needed, totaling $958–Board authorized transfer of $38,028–Electric Utility service vehicle•Additional funds transfer needed, totaling $2,001–Board
authorized transfer of $431,477–Completed in FY10 with a total cost of $433,478–Headquarters' roof replacement•
Fiscal Impact Funds To General FundsAnnual Transfers from Designated 5 transfersSufficient funds exist in source funds to facilitate these •general funds from Board designated fundsThese
transfers will reimburse the Electric and Water •
Recommendation Funds To General FundsAnnual Transfers from Designated 6(Continued)headquarters' roof replacement.District labor and material costs necessary to complete the to reimburse
the Electric General Fund for miscellaneous Transfer $1,001 from the Electric Capital Replacement Fund •complete the parking structureto reimburse the Water General Fund for FY10 costs
to Transfer $62,066 from the Water Capital Replacement Fund •Water Meter Study and Installation Phase 1 and Phase 2reimburse the Water General Fund for FY10 costs of the Transfer $749,345
from the Water Meter Reserve Fund to •Authorize the following transfers:
Recommendation (cont.)Annual Transfers from Designated 7 dump truck for useDistrict labor and materials necessary to prepare a new to reimburse the Water General Fund for miscellaneous
Transfer $3,164 from the Water Vehicle Replacement Fund •service truck for useDistrict labor and materials necessary to prepare a new to reimburse the Electric General Fund for miscellaneous
Transfer $958 from the Electric Vehicle Replacement Fund •headquarters' roof replacementDistrict labor and material costs necessary to complete the to reimburse the Electric General
Fund for miscellaneous Transfer $1,000 from the Water Capital Replacement Fund •