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RESOLUTION NO. 8367
<br /> CITY OF MOUNDS VIEW
<br /> COUNTY OF RAMSEY
<br /> STATE OF MINNESOTA
<br /> APPROVING TRANSFERS BETWEEN FUNDS FOR 2014
<br /> WHEREAS, the City has adopted budgets for various funds for 2014 that included inter-fund
<br /> transfers for various purposes; and
<br /> WHEREAS, it is possible to adjust some of the transfers from the originally budgeted amounts; and
<br /> WHEREAS, some equipment in the General fund was not purchased; and
<br /> WHEREAS,the General fund saw favorable operating results providing an opportunity to restore
<br /> some of the fund balance in the Special Projects Fund; and
<br /> WHEREAS, results in the Community Center Fund were better than expected; and
<br /> WHEREAS, some activities budgeted for in the Economic Development Authority Fund did not
<br /> occur which eliminates the need to make the full budgeted transfers; and
<br /> WHEREAS, TIF District 5 transfer should reflect 5% of the increment collected; and
<br /> WHEREAS, the Debt service fund will make a final payment leaving a balance that can be
<br /> transferred to the Special Projects Fund.
<br /> NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
<br /> following transfers for the calendar year 2014 are hereby approved up to the amounts listed in the Actual
<br /> column and the General, TIF Districts 1, 2, and 5, Special Projects, and Debt Service Fund budgets are
<br /> amended for the additional transfer amounts:
<br /> From To Budget Actual
<br /> Water Fund General Fund $69,393 $69,393
<br /> Sewer Fund General Fund 54,962 54,962
<br /> Street Light Fund General Fund 2,462 2,462
<br /> Storm Water General Fund 7,168 7,168
<br /> Special Projects Fund General Fund 90,000 -
<br /> Vehicle & Equipment General Fund 81,600 38,316
<br /> General Fund Community Center 170,000 165,000
<br /> General Fund Special Projects - 825,000
<br /> Debt Service Fund Special Projects - 87,000
<br /> General Fund Vehicle & Equipment 100,000 100,000
<br /> Water Fund Vehicle & Equipment 60,000 60,000
<br /> Sewer Fund Vehicle & Equipment 36,000 36,000
<br /> Storm Water Fund Vehicle & Equipment 16,000 16,000
<br /> Water Fund Street Improvement 85,000 -
<br /> Fund
<br /> Sewer Fund Street Improvement 140,000 140,000
<br /> Fund
<br /> Storm Water Fund Street Improvement 75,000 75,000
<br /> Fund
<br /> Vehicle & Equipment Water Fund 72,000 72,000
<br /> TIF District#2 TIF District#1 - 48,038
<br /> TIF District#2 EDA 101,389 10,000
<br /> TIF District#3 EDA 101,389 10,000
<br /> TIF District#5 EDA 64,958 70,760
<br /> Total $1,327,321 $1,860,099
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