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Message ~ Page 1 of 1 <br /> SMITH Tammy D <br /> From: CARLSON Becky A <br /> Sent: Monday, April 03, 2006 8:40 AM <br /> To: SMITH Tammy D; PETERSON Tish A <br /> Cc: CUTSOGEORGE Sue L <br /> Subject: RE: LGIP Monthly Maintenance Fee <br /> <br /> Tammy, here's my two bits... Fund 312 is a capital fund and has no operating appropriation authority. You can . <br /> only charge to capital projects and budgeted nondepartmental expenditures (debt service, inten`und loans, <br /> interfund transfers)--and generally only central Finance initiates those latter transactions. So, each time this <br /> recurring fee needs to be recorded, you'll have to pick one of the larger, active acpital projects and charged this <br /> <br /> fee to it. Either Tish or I can explain the levels of budget authority to you sometime, if you'd like more clarification <br /> <br /> on this point and also to feel comfortable distinguishing between lines of appropriation within any given fund. ~bc <br /> -----Original Message----- <br /> From: SMITH Tammy D <br /> Sent: Friday, March 31, 2006 3:30 PM . <br /> To: PETERSON Tish A <br /> Cc: CUTSOGEORGE Sue L; CARLSON Becky A <br /> Subject: LGIP Monthly Maintenance Fee <br /> Tish, <br /> In looking at the LGIP Statements for account 4909, LGIP started processing a $10 monthly maintenance <br /> fee starting in September 2005. I am trying to balance the account so I can process a journal to account for <br /> the interest and fees since September 2005. In looking through Peggy's JE's and spreadsheets -revenue <br /> is going to 312 9901 47110 000000 000 (interest), but bank fees have been charged to specific projects. <br /> These fees were usually associated with a project and transferring funds. This bank fee is not associated <br /> with a specific project, ccount. Should the fee be charged to 312 9332 <br /> 61894 000000 000 (where bank fees were charged before with a project number) or is there another account I <br /> should charge the monthly maintenance fee. <br /> Tammy Smith <br /> 682-5834 <br /> ~ <br /> ~ ~5 <br /> <br /> 4/3/2006 ° <br /> <br />