Requested Agenda Date:
2/4/2025
Requested Agenda Title:
Budget Adjustment: Mayor’s Finance Requests a Fund Transfer of $ 964,782 in under-expend budget from the Construction Account for the Daybreak and Granite Library Branches to Cover the Debt Service Payment Made in January
Requested Agenda Item Description: With this fund balance transfer, the Council is approving the proceeds held in the construction account to be transferred and used for the debt service payment made on January 15, 2025, on the Series 2021 Lease Revenue Bonds.
Requested Action: Discussion - Vote Needed
Presenter(s) (with titles): Hoa Nguyen, Council Budget and Policy Analyst
Time Needed: Less than 5 MINS
Is this Item Time-Sensitive and/or Requesting a Time-Certain? No
Requesting Staff Member: Darrin Casper, Deputy Mayor of Finance and Administration CFO
Are Supporting Documents Needed for this Agenda Item Request? Yes