Carol Becker writes: "Transfers to other Funds is when money is moved from one fund ( a fund is like a checking account for a particular department or service) to another."
Vicky Heller observes: The transfers TO AND FROM internal funds should be equal - but they're not. The budget shows $97.6 million TO other funds, and $122 million FROM other funds. This would indicate that there is a magical fund outside of the City's budget. In other words, we are receiving $24.4 million from nowhere. Accountants generally call this a "plug" entry. The Enron accountants called this sort of entry "harmonizing accounts." Maybe someone from the City would be kind enough to explain this discrepancy. Vicky Heller Cedar-Riverside and North Oaks _______________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
