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1 <br /> ' City of Eugene <br /> Public Works <br /> FY10 Fund Balancing Review <br /> ~ Fund 341 (Note: Fund 341 was Fund 312 in prior years) <br /> Prepared by: T Smith <br /> Reviewed by: B Carlson 2/11/09 <br /> i <br /> Review Comment Response <br /> 1. Have we talked to Finn/Kitty ab ut how to show the renumbering <br /> of Fund 312 to Fund 341? I don't thir~~c we would want to accomplish <br /> this with abudgeted-legal transfer, since these two funds are, in fact, <br /> one and the same fund, just with a new~isystem number. I don't even <br /> ~ know how you would present a' legal fun°d transfer from a single fund <br /> to itself. ~ I think what we're going <br /> to want to do on the system is to make ~ BWC to BWC adjustment <br /> ~ (if Budget is able to do this in the sytem~ whereby the $279,965 <br /> ending balance just "poofs!"from Func~312 and magically reappears w, ~,~g, <br /> <br /> j in Fund 341 as of July 1. Then on they actuals side, we do a JE to <br /> I close out the actual. audited Fund 312 Fund Balance as of July 1 and <br /> .make it reappear in Fund 341 on th same date. Can we override <br /> i , <br /> BWC in these reports to show that r FY10? Remember all we're Becky, I have attached Fin ' -mail on this discussion. I <br /> trying to accomplish is an internal ystem change in a fund number. have started discuss' about the small amount in legal <br /> There is no change in the fund na ~ e or the fund classification here, transfer. Wear rrently discussing fixing this in FY10 <br /> j and that should be clearly noted in the workpaper footnotes for both f S61 actin en all the funds are reconciled. I will try and <br /> I keep in the loop. <br /> ~ 2. How did you verify that Fund 01~ is indeed budgeting the~$3 ,0 0 <br /> transfer to Fund 341 for. FY10? I don't see evidence here that <br /> we-%' I have verified with John H in the budget office and he will <br /> confirmed that on the other end. ~ ~ be processing the transfer. <br /> 3. Good job overall. This fund number change is kind of ~ - <br /> complicated! <br /> <br />