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RESOLUTION NO. 8699 <br /> <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF Ramsey <br /> State of Minnesota <br /> <br /> <br /> APPROVING TRANSFERS BETWEEN FUNDS FOR 2016 <br /> <br />WHEREAS, the City has adopted budgets for various funds for 2016, the budgets <br />include inter-fund transfers for various purposes; and <br /> <br />WHEREAS, it is possible to adjust some of the transfers from the originally <br />budgeted amounts; and <br /> <br />WHEREAS, the General fund saw favorable operating results providing an <br />opportunity to restore some of the fund balance in the Special Projects Fund; and <br /> <br />WHEREAS, residual amounts remain in the debt service fund after the bonds have <br />been retired and City code requires that any remaining amounts be transferred to the <br />benefited capital project fund; and <br /> <br />WHEREAS, the Water Enterprise fund has experienced significant activity over <br />the past five years to catch up on deferred maintenance, discontinuing on a temporary <br />basis outgoing transfers will allow the fund to rebuild cash reserves. <br /> <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds <br />View that the following transfers for the calendar year 2016 are hereby approved up to <br />the amounts listed in the Actual column: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />