Committee adopts resolution to move small balances among bond funds
The committee approved a resolution transferring balances among several bond funds after staff reported payoff of earlier improvement bonds; fund 315 carried a negative cash balance (~$1,900) and fund 317 a positive balance (~$12,900).
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Connie Hillman, the city finance director, reported that the city recently paid off certain general obligation improvement bonds and proposed a resolution to move balances among bond funds to reconcile accounts and route future delinquent tax and special assessment receipts to fund 400.
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