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RESOLUTION NO. 7020 <br />CITY OF MOUNDS VIEW <br />County of Ramsey <br />State of Minnesota <br />APPROVING TRANSFERS BETWEEN FUNDS FOR THE YEAR 2006 <br />WHEREAS, the City has adopted budgets for various funds for 2006 that included inter-fund <br />transfers for various purposes; and <br />WHEREAS, it is possible to reduce transfers from several other funds to the General Fund due to <br />positive 2006 financial results and deferred capital expenditures; and <br />WHERAS, the Community Center Fund has experienced challenging financial conditions and <br />needs an increased transfer from the General Fund to avoid using limited reserves; and <br />WHEREAS, projects budgeted for in the Economic Development Authority Fund were funded <br />directly from the individual Tax Increment Funds thus eliminating the need to make the full transfers. <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 2006 are hereby approved in the amounts listed in the Actual <br />column: <br />From <br />Water Fund <br />Sewer Fund <br />Vehicle & Equip <br />Special Projects <br />Levy Reduction -permits <br />Levy Reduction <br />Special Projects <br />General Fund <br />General Fund <br />Water Fund <br />Sewer Fund <br />Storm Water Fund <br />Vehicle & Equipment <br />T.LF. Dist. #1 <br />T.I.F. Dist. #1 <br />T.LF. Dist. #3 <br /> Budgeted Actual <br />T o Amount Amount <br />General Fund $53,735 $53,735 <br />General Fund 42,560 42,.560 <br />General Fund 434,500 239,500 <br />Generai Fund 90,000 -0- <br />General Fund 141,348 141,348 <br />GeneralFund 217,000 -0- <br />Community Center 15,000 15,000 <br />Community Center 131,000 200,000 <br />Vehicle & Equipment 175,000 175,000 <br />Vehicle & Equipment 20,000 20,000 <br />Vehicle & Equipment 36,000 36,000 <br />Vehicle & Equipment 6,000 6,000 <br />Storm Water Fund 114,000 114,000 <br />T.I.. F. Bonds 01A 157,814 157,814 <br />EDA 942,516 35,000 <br />EDA 236,092 35,000 <br />BE 1T FURTHER RESOLVED that the 2006 budget for the General Fund be amended to increase <br />Transfers to the Community Center Fund by $69,000.. <br />Passed and adopted this 26th day of February, 2007 <br />ATTEST: <br />(seal) <br />,l ~. <br />R Marty, Mayor <br />~~, ~., ~ <br />Kurt Ulrich, City Administrator <br />• <br />