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I don't believe the water and sewer funds have the funds <br /> readily available to transfer to the general fund. Our <br /> auditors have indicated that the Council can reevaluate how <br /> the loan funds can be paid. I recommend that the Council <br /> forgive the money that should have been paid in the past <br /> and let it remain in the water and sewer funds. The loan has <br /> been paid correctly from 2004 to present. <br /> Council Action Requested: If the Council chooses to go <br /> along with the recommendation, we need a motion to <br /> authorize the forgiveness of $50,823 from the water fund to <br /> the general fund and $83,148 from the sewer fund to the <br /> general fund and to continue to percentage the payments <br /> �, until the loan is expired. <br />