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HomeMy WebLinkAbout1983-138W, W, mlwl*omupTllooi AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS MODIFYING CERTAIN GENERAL LEDGER BALANCE SHEET ACCOUNTS, AND DECLARING AN EFFECTIVE DATE THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS WHEREAS, Arthur Andersen and Company has recommended modification of certain General Ledger Balance Sheet Accounts, NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON, TEXAS HEREBY ORDAINS SECTION I The City Manager is hereby authorized and directed to modity, per audit recommendation, the following General Ledger Balance Sheet Accounts These modifications are as follows Transfer From Transfer To Amount Motor Pool Fund 720 General Fund 100 $ 726,158 Working Capital Fund 710 General Fund 100 ( 207,509) Reported as "Designated for Contingencies" Net $ 518,649 General Fund 100 Debt Service Fund $ 65,000 To reflect correct activity of Debt Service Fund 301 Utility System Assets Reduce Utility System $1,125,254 Fund 6XX Fund 6XX Retained Earnings Asset's Sanitation Fund 630 Reduce Sanitation Fund 630 $ 50,759 Fund Balance Working Capital Fund Reduce Working Capital Fund 710 $ 11,376 Fund Balance To eliminate the double statement of Asset "Invested in Fund XXX" SECTION II This ordinance shall become effective from and after its date of passage PASSED AND APPROVED this the lith day of CITY OF ATTEST CHARLOTTE ALLEN, CITY SECR--E—T7Mr— CITY OF DENTON, TEXAS APPROVED AS TO LEGAL FORM C J TAYLOR, JR , CITY ATTORNEY CITY OF DENTON, TEXAS BY , 1983 ff.�Z , I.J , TEXAS