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City of <br />Pequott <br />Lakes— <br />AGENDA ITEM #9.3. <br />REPORT TO <br />CITY COUNCIL <br />Date: May 4, 2010 <br />Sub,: Fund Balance Carryover for Storm Water Fund <br />Report: The Storm Water Fund currently has a cash <br />balance of $411.88. Since the City no longer issues storm <br />`- water utility bills, Mike Loven is requesting that the cash <br />balance of $411.88 be transferred to the General Fund and <br />thus eliminating the Storm Water Fund. <br />Council Action Requested: Council motion to transfer the <br />cash balance of $411.88 from the Storm Water Fund to the <br />General Fund and to eliminate the Storm Water Fund. <br />