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<br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />Mayor and Council Members <br /> <br />FROM: <br /> <br />Tim Simon, Finance Director <br /> <br />DATE: <br /> <br />March 5, 2007 <br /> <br />SUBJECT: <br /> <br />Police Software Purchase <br /> <br />As stated in the staff tepott, the police budget does have $60,000 in capital outlay fot the <br />purchase of this softwate. This leaves a temaining balance of $172,797 to be financed Ot <br />funded internally. I am tecommending that the temaining amount be fmanced internally <br />through the Capital outlay teserve fund. The Council does have the option of having the <br />genetal fund tepay the amount ovet thtee yeats @ $57,599 pet yea! to the Capital outlay <br />teserve fund. <br /> <br />The following table lists the amount available to internally finance the softwate purchase. <br /> <br />Capital Outlay Reserve (undesignated as of 12/31/06) <br />Amount committed to Libtary construction project <br />Amount available to internally finance the softwate <br /> <br />$ <br /> <br />Unaudited <br />1,886,624 <br />(641,000) <br />1,245,624 <br /> <br />$ <br />