Transfer cash from General Fund reserves to cover negative balances in other funds
In Plain English
Some city funds ended fiscal year 2018 with negative cash balances, meaning they spent more than they had available. The city transfers money from General Fund reserves to bring these funds back to positive balances. This is a routine year-end accounting adjustment to balance the books.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
5 to 0
Community Discussion
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Similar Discussions
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