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City of Ramsey <br /> <br />15153NOWTHEN BOULEVARDN.W.,RAMSEY, MINNESOTA 55303 - (612) 427-1410 <br /> <br />May 4, 1993 <br /> <br />Mr. James Knutson <br />Deputy Treasurer, LRRWMO <br />City of Anoka <br />2015 First Avenue North <br />Anoka MN 55303-2270 <br /> <br />R~ LRRWMO Administrative Funding <br /> <br />Dear Jim: <br /> <br />Enclosed herewith is the City of Ramsey's check in the amount of $3,833.24 for the <br />first half of 93/94's LRRWMO assessment. As we discussed, at the City's last Finance <br />Committee meeting I made the following recommendation to our members: <br /> <br />Working capital requirements for the LRRWMO be designated at year-end <br />in an amount equal to six months of the next year's budgeted <br />expenditures, laund balance in excess of working capital requirements be <br />used to reduce the second half payment assessment to participating cities. <br /> <br />This recommendation, if accepted, will result in the following payment on August 1, <br />1993: <br /> <br />2nd half assessment to Ramsey <br />LRRWMO fund balance 2/1/93 <br />6 month working capital based on <br />1/2 of 93/94 budget <br />Surplus fund balance <br />Ramsey's share est. to be <br />2nd half payment <br /> <br />$14,213.00 <br /> <br />. (9,100.00~ <br /> $5,113.00 <br /> $2,154.48 <br /> <br />$3,833.24 <br /> <br />(2.154.48~ <br />$1,678;.76 <br /> <br />Our Finance Committee will be reviewing this recommendation at a future meeting, <br />but t did want you to be aware of the discussion. <br /> <br />Sincerely, <br /> <br />CITY OF RAMSEY <br /> <br />Finance Officer <br /> <br />Steve Jankowski, City Engineer <br />Ryan Schroeder, City Administrator <br />Ramsey Finance Committee <br /> <br /> <br />