TRANSMITTAL LETTER FOR BOARD MEETING OF JANUARY 19, 2017
COMMITTEE ON FINANCE
Mr. David St. Pierre, Executive Director
Title
Authority to Transfer $13,000,000.00 from the Capital Improvements Bond Fund, in the amounts of $6,000,000.00 to the Corporate Fund and $7,000,000.00 to the Construction Fund
Body
Dear Sir:
The 2017 District Budget provides for equity transfers totaling $13,000,000.00 from the Capital Improvements Bond Fund, in the amounts of $6,000,000.00 to the Corporate Fund and $7,000,000.00 to the Construction Fund. These transfers were approved by the Board of Commissioners at its meetings on December 8, 2016, and December 15, 2016.
Accordingly, it is requested that authority be granted by the Board of Commissioners to transfer $13,000,000.00 from the Capital Improvements Bond Fund, in the amounts of $6,000,000.00 to the Corporate Fund and $7,000,000.00 to the Construction Fund.
Requested, Mary Ann Boyle, Treasurer, MAB
Respectfully Submitted, Frank Avila, Chairman Committee on Finance
Disposition of this agenda item will be documented in the official Regular Board Meeting Minutes of the Board of Commissioners for January 19, 2017