HomeMy WebLinkAbout1994-04-19 - AGENDA REPORTS - FUND TRANSFER (2)AGENDA REPORT
CONSENT CALENDAR
DATE:
SUBJECT:
DEPARTMENT:
BACKGROUND
APRIL 19, 1994
FUND TRANSFER
W
City ManagerApproval�
Item to be presented by;
Rick Pu am W ri
PARKS, RECREATION, AND COMMUNITY SERVICES
On February 1, 1994, the City received a $27,000 check from the developer of the Shangri-la
tract. The developer defaulted on the street tree planting condition of the project and a bond was
forfeited as a result. The funds have been deposited in revenue account 30-2275. The funds
have been slated for the planting of Shangri-la street trees, street tree planting plans, attorney's
fees charged to the City for legal services in connection with the bond forfeiture, and to reimburse
Los Angeles County Landscape Maintenance District for street trees they had planted sparingly
at the Shangri-la tract.
Staff is requesting a transfer of funds from revenue account 30-2275 to the following expenditure
accounts:
$24,800 to Contract Services account 01-9230-227 for street tree planting and county
reimbursement;
• $1,200 to Professional Services account 01-9230-230 for street tree plans;
• $1,000 to Legal Services account 01-5000-260;
The street trees will be planted at the Shangri-la tract during the latter part of this fiscal year.
RECOMMENDATION
Direct staff to transfer the following funds from account 30-2275: $24,800 to Contract Services
account 01-9230-227, $1,200 to Professional Services account 01-9230-230, and $1,000 to Legal
Services account 01-5000-260.
REP:RLM.dis
council/agshangr.rlm
FROM
Acc -4a Item: