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Shakopee City Council
May 18, 2021
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| | | | | | | | | FROM: | Nathan Reinhardt, Finance Director | | TO: | Mayor and Council Members |
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| | | | | | | | Subject:
Closing of the 2010A Debt Service fund into the Capital Improvement Capital Project fund
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| | | | | | | | Policy/Action Requested:
Approve Resolution No. R2021-080 closing the 2010A Improvement Bonds (3042) Debt Service Fund into the Capital Improvement (4021) Capital Project fund. | | |
| | | | | | | | Recommendation:
Close the 2010A Improvement Bonds Debt Service Fund into the Capital Improvement Capital Project fund. | | |
| | | | | | | | Discussion:
On February 1, 2021, the final bond payment on the 2010A Bond was made. The remaining dollars in the 2010A Improvement Bonds Debt Service Fund should be transferred to the Capital Improvement Capital Project fund. The fund has approximately $6,800 remaining in fund balance. | | |
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