HomeMy WebLinkAbout2025 06 23 Regular 500 - Staff Provided Information (Vehicle Transfer Accounting)06 24 2025 - Additional information provided and referenced by
Finance Director Holly Queen during Regular Item 500 at the June
23, 2025 City Commission Regular Meeting
Remove Accumulated Deprecation 410-164910 - Accumulated DepreciationAccumulated Depreciation 157,084
Remove Asset 410-164100 - Vehicles 325,000
Loss on Sale of Asset 410-36-3600-591000 Interfund Transfers Out 167,916
Add Asset 411-164100 - Vehicles 325,000
Add Accumulated Depreciation 411-164910 - Accumulated Depreciation 157,084
Gain on Asset for No Cash 411-00-0000-381000 - Transfer In 167,916
Payment to Cover Loss 411-00-0000-591410 To Water/Sewer Utility 167,916
Payment from SW to Cover Loss 410-00-0000-381411 From Stormwater Utility 167,916
BA from Capital Projects Fund to Cover Cash 303-41-0000-591411 To Stormwater Fund 167,916
411-00-0000-381303 From Public Facilities Fund 167,916
More net position will be
locked into Capital assets.
While unrestricted net position is the
cash we can budget with will go down.