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Correct, we are showing residual resources (equity) being transferred from 312 to 341, which are one and the same <br /> fund. However; don't forget there are two separate Reporting funds - 312 and 340 -involved in the transaction. In the <br /> Budget doc and CAFR, one will see a transfer from. 312 to 340. At year-end in the CAFR, we will reflect zero fund <br /> balance in 312 and 340 will show the actual transfer from 312. True, it may look weird at the management fund level, <br /> but it accomplishes what we need to reflect at the reporting fund level. We have done this in years past when we split <br /> the storm and wastewater funds. <br /> The same set of entries will also happen as we transfer the ending fund balance from 133 to 342. <br /> i Finance would like to follow this approach where we past entries to the Budget and GL and avoid creating `unposted <br /> ~ entries" that are a nightmare to track through the various sections of the budget and CAFR documents. Our last <br /> experience with unposted entries. far the splitting of the PSF funds was frustrating and very time consuming. <br /> Finn Cronin <br /> Financial Reporting & Payroll Manager <br /> City of Eugene <br /> ~ 682=5394 <br /> From: SMITH Tammy D <br /> Sent: Wednesday, February li, 2009 9:10 AM <br /> To: MURDOCH Kitty M; HUBERD John C; GUBANIKHIN Pavel E; CRONIN Finn J <br /> Subject: FY09/10 Transportation Capital funds <br /> Hi Bud et office and Finn <br /> 9 , <br /> I am working on answering Becky's review note on Fund 312/341 <br /> ~ Have we talked to Finn/Kitty about how to show the renumbering of Fund 312 to Fund 341? I don't think we would want to <br /> accomplish this with a budgeted legal transfer, since these two funds are, in fact, one and the same fund, just with a new <br /> system number. I don't even know how you would present a legal fund transfer from a single fund to itself. <br /> think what we're going to want to do on the system is to make a BWC to BWC adjustment (if Budget is able to do this in <br /> the system) whereby the $279,965 ending balance just "goofs!" from Fund 312 and magically reappears in Fund 341 as of <br /> July 1: Then on the actuals side, we do a JE to close out the actual audited Fund 312 Fund Balance as of July 1 and <br /> <br /> j make it reappear in Fund 341 on the same date. Can we override BWC in these reports to show that for FY10? <br /> Remember all we're trying to accomplish is an internal system change in a fund number. There is no change in the fund <br /> name or the fund classification here, and that should be clearly noted in the workpaper footnotes for both funds. <br /> Is what Becky suggesting possible? I know when I asked in January how to do this, it was as transfers in FY10 between <br /> the old Funds 312/133 and the new Fund 34x funds. <br /> Thank you, <br /> Tammy Smith <br /> Financial Analyst <br /> City of Eugene <br /> Public Works Administration <br /> Phone: 541 682-5834 <br /> Fax: 541 682-6826 <br /> E-mail: tammy.dsmith@ci.eugene.or.us. <br /> Public Works Administration, previously located at 858 Pearl Street; Suite 400 is relocating to 101 East <br /> Broadway, 3Yd & 4th Floors. We will be open for business in our new location on March 3. All extensions and <br /> fax numbers will remain the same. PWA reception is located on the 4th floor along with the Executive, Human <br /> Resources, Public Relations, Stormwater Education, and Graphics functions. Utility Administration and <br /> Financial Services functions are located on the 3'"d floor. ` <br /> 2 <br /> _ _ <br /> <br />