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Cluster · transfer · FY 2022
Transfer of dormant Economic Development Fund account balance to General Fund.
Not promoted to the official baseline.
This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.
Corroboration
1docs
Consensus
0%
Votes attached
0
Date range
2022-11-10 — 2022-11-10
Transfer of dormant Economic Development Fund account balance to General Fund.
Discussing the dormant account at the Pine River State Bank - Economic Development Fund Account. Finance Consultant Yager recommended the city close this account and transfer the balance of $2,489.02 into the general fund. This account has been unused for several years and has remained dormant. It would be recommended to close and clean up this unused account.
Reasoning: Explicitly a transfer of funds from a dormant account to the General Fund.