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City of <br />Pequot <br />Lakes - <br />AGENDA ITEM #10.4 <br />REPORT TO <br />CITY COUNCIL <br />Report Prepared by: Nancy Malecha <br />Date: September 3, 2013 <br />Subiect: Request to Reassign Funds <br />Report: The HRA capital outlay carryover account was <br />established in 2006 to fund potential WAC & SAC hookup <br />charges for their building projects. Currently, this account <br />has a balance of $18,870.39. The only project funded from <br />this account was the purchase and installation of a civil <br />defense siren in 2011. Recently, the HRA has indicated <br />that they have no future building projects planned. We <br />recommend that the HRA capital outlay carryover account <br />balance of $18,870.39 be reassigned to council <br />contingency. <br />Council Action Requested: Council motion to reassign <br />$18, 870.3 9 in the HRA capital outlay carryover account to <br />council contingency. <br />