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03.07 Transfer of Funds
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10-03-2017 City Council Meeting
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03.07 Transfer of Funds
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9/29/2017 12:00:35 PM
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I <br /> AGENDA ITEM #3.7 <br /> city of <br /> Pe uot <br /> q <br /> Lakes — - <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: October 3, 2017 <br /> Sub_iect: Transfer of Funds <br /> Report: In 2016, the 2010 Dodge Charger police vehicle <br /> incurred hail damage during a storm and the cost to repair <br /> this vehicle was comparable to its total value. At the July <br /> Sth City Council Meeting, the Council authorized the Police <br /> Department to order a new squad to be financed from <br /> budgetary savings, insurance settlement, and vehicle sales. <br /> I recently informed Chief Klang that the 2016 Police <br /> Department budgetary savings to assist in financing the <br /> new squad did not come to fruition. Therefore, per the <br /> attached memo, the Police Department is requesting a <br /> transfer of funds in the amount of$11,655.91 from the <br /> Non-Alcohol Forfeiture Fund to the General Fund due to <br /> the additional vehicle purchase in 2016. <br />
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