From: "Victoria Heller > 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.
I would also be curious to have someone from the City explain this as when I do budgets, the "froms" and the "tos" always balanced.... Carol Becker Longfellow _______________________________________ 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
