Agenda Text
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Requesting the appropriation of $77,620 from the Sewer Enterprise Fund Retained Earnings Account to the Sewer Enterprise Fund Debt Service Account in order to fully fund FY2019 Debt Service.
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Official Text
To the Honorable City Council:
I respectfully request an appropriation of $77,620 from the Sewer Enterprise Fund Retained Earnings to the following accounts in the Sewer Enterprise Fund:
Principal on Long Term Debt -$59,801
Interest on Long Term Debt - $17,819
The purpose of the appropriation is to fully fund FY2019 Debt Service.
My staff will be available to address any questions you may have. Thank you for your consideration of this item.
Respectfully Submitted,
Joseph A. Curtatone, Mayor