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Staff corrects duplicate budget amendment entries; flags 900 East enterprise account
Summary
Staff told the council five line items were duplicated in the circulated budget amendments and proposed a corrected sheet; staff also noted a newly created enterprise account for the 900 East project that currently shows no year expenses.
Staff told the council the packet contained duplicate amendment entries and asked permission to let a corrected budget sheet supersede the version previously circulated.
Peter said five items were listed twice in the draft amendments and that the corrected sheet should replace the prior document; he also flagged an enterprise account for the 900 East project that currently shows no expenses this fiscal year. Peter said the duplicated entries were largely the same except for small dollar differences and asked for council concurrence to strike the duplicates and move forward with the corrected totals.
Councilors asked about interfund loan rules for enterprise funds and whether loans would have to be repaid; staff explained interfund loans are possible, typically documented with a note about repayment terms, and that a public hearing is required if the council would consider forgiving a loan.
