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C :ry of <br />Pequott <br />Lakes— <br />AGENDA ITEM #9.2. <br />REPORT TO <br />CITY COUNCIL <br />Date: May 4, 2010 <br />Sub, ect: Fund Balance Carryover for lights in the Park <br />Report: the Park Fund currently has a cash balance of <br />$4,526.55. In 2010, the Park Fund became a department of <br />`- the general fund for budgeting purposes. Because of this, <br />the Park Commission is requesting that the Park Fund cash <br />balance of $4,526.55 be transferred to the General Fund <br />and designated as capital outlay carryover for the purpose <br />of purchasing lights in the trailside park, and thus <br />eliminating the Park Fund. <br />Council Action Requested: Council motion to transfer the <br />Park Fund cash balance of $4,526.55 to the General Fund <br />to be designated as capital outlay carryover for the purpose <br />of purchasing lights in the trailside park, and thus <br />eliminating the Park Fund. <br />