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<br />November 6, 1992 <br /> <br />vi) <br /> <br />FROM: Willie Norfleet, Director of Finance <br /> <br />TO: Frank Ollendorff, City Manager <br /> <br />SUBJECT: First Quarter Budget Transfers <br /> <br />The attached list represents the first quarter transfers that need to be approved <br />by the City Council in order to have a balanced budget. <br /> <br />The City will receive a net increase in revenues of $114,694. <br /> <br />The net increase of City expenditures will be $114,694 with the City adding <br />$10,000 to the Contingency Appropriation and $28,854 to the Building Improvement <br />Fund. <br /> <br />During the first quarter, the Building Improvement Fund has been reduced by <br />$40,738 for painting the exterior of City Hall and the anticipated elevator <br />modif ication. <br /> <br />If you have any questions, please feel free to contact me. Thank you. <br /> <br />,- <br />