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D11291 White — City Clerk CITY O F SAINT PAUL Pink — Finance Debt. Canary— Dept. ()N'FIGI: OF THE MAYOR No: IL1 0_IC.VII ADMINISTRATIVE ORDER • BL'IX,ET RE%1SI0X Date: AUNMN'ISTIUTIVE ORDER,Consistent with the authority granted to the Mayor in Section 10.07.4 of the City Charter and based on the request of the Director of the Department of Finance and Management Services to amend the 1990__budget of the Debt Service fund.the Director of the Department of Finance and Management Services is authorized to amend said budget in the following manner: Current Amended Budget Change Budget 960-Debt Service Fund 89990 1990 Bond Issues -0611 Long Term Debt Interest - 0 - 468,750.00 468,750.00 -0613 Pending Bond Sale Interest Payment 468,750.00 (468,750.00) - 0 - 468,750.00 - 0 - 468,750.00 89955-General Debt Pre 1987 Bonds -0381 Law Books 200.00 500.00 700.00 -0601 Cost of Bond Issuance 60,000.00 (500.00) 59,500.00 60,200.00 - 0 - 60,200.00 • 963-G.O. Special Assessment Debt Service Fund 1990 Bonds 89390- G.O. Special Assessment -0611 Long Term Debt Interest - 0 - 134,000.00 134,000.00 -0613 Pending Bond Sale Interest Payment 134,000.00 (134,000.00) - 0 - 134,000.00 - 0 - 134,000.00 re red by4Ati Ma nager Approved by:Ma Date Requested by:Department director DI Qq DEPARTMENT/OFFICE/COUNCIL J�,r� (� DATE INITIATED Finance and Mgmt. Seri es 7 ff 12-24-90 GREEN SHEET NO. 9119 INITIAL/DATE INITIALJDATE CONTACT PERSON&PHONE ❑DEPARTMENT DIRECTOR ❑CITY COUNCIL Shirley Davis 292-7038 NUM IBER FOR ❑CITY ATTORNEY ©CITY CLERK ST BE ON COUNCIL AGENDA BY(DATE) ROUTING ❑3 BUDGET DIRECTOR �IN.&MGT.SERVICES DIR. ORDER D MAYOR(OR ASSISTANT) _R�t Finance Accountant TOTAL #OF SIGNATURE PAGES (CLIP ALL LOCATIONS FOR SIGNATURE) Chief Accountant ACTION REQUESTED: Adjusts debt service budgets to reflect accurate accounting codes for proper payment of principal and interest on the City's bond issues. Allows for the payment of Minnesota law books necessary for Treasury operations. RECOMMENDATIONS:Approve(A)or Reject(R) COUNCIL COMMITTEE/RESEARCH REPORT OPTIONAL ANALYST PHONE NO. PLANNING COMMISSION _ CIVIL SERVICE COMMISSION CIB COMMITTEE _ COMMENTS: STAFF _DISTRICT COURT SUPPORTS WHICH COUNCIL OBJECTIVE? INITIATING PROBLEM,ISSUE,OPPORTUNITY(Who,What,When,Where,Why): Expenditures reflect the proper accounting codes. This is a bookkeeping entry only. ADVANTAGES IF APPROVED: Debt Service Budgets will reflect proper debt service activities. DISADVANTAGES IF APPROVED: None. DISADVANTAGES IF NOT APPROVED: Debt service must be paid from accurate accounting codes. RECEIVED G241990 CITY CLERK TOTAL AMOUNT OF TRANSACTION $ COST/REVENUE BUDGETED(CIRCLE N ) YES NO FUNDING SOURCE ACTIVITY NUMBER FINANCIAL INFORMATION:(EXPLAIN) This Administrative Order reflects the accurate accounting codes for expenditure. III�II ddc . cis �S ntz