DR9101-CS 910318March 18, 1991
MEMORANDUM
TO:
FROM:
SUBJECT:
Alan D. Ratliff, City Manager
Frank Trando, Deputy City Manager/Finance Director~
Funding of Oak Trail Drainage Improvement
On September 30, 1989 Council approved $40,000.00 for this project. On
May 22, 1990 they approved an additional $32,500.00 for this project,
bringing the total to $72,500.00.
As of this date we have spent $12,071.61 for Engineering, etc. leaving a
total of $60,428.39. If Council approves this item as recommended by
staff for a total of $74,604.53, we are short by $14,176.14. This
shortfall could be funded out of Unallocated Interest which as of
February 28, 1991 has a balance of $80,289.66.