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RESOLUTION NO. 7233 CITY OF MOUNDS VIEW County of Ramsey State of Minnesota APPROVING TRANSFERS BETWEEN FUNDS FOR THE YEAR 2007 WHEREAS, the City has adopted budgets for various funds for 2007 that included inter- fund transfers for various purposes; and WHEREAS, it is possible to reduce the transfer from the Special Projects fund due to positive 2007 financial results; and WHEREAS, the Community Center Fund has experienced challenging financial conditions and needs an increased transfer from .the General Fund to avoid using limited reserves; and WHEREAS, some equipment in the Storm Water and Sewer funds was not purchased; and WHEREAS, some activities and projects budgeted for in the Economic Development Authority Fund did not occur thus eliminating the need to make the full transfers. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the following transfers for the calendar year 2007 are hereby approved in the amounts listed in the Actual column: From To Budget Actual Water Fund General Fund $56,422 $56,422 Sewer Fund General Fund 44,688 44,688 Street Light Fund General Fund 2,000 2,000 Special Projects Fund General Fund 90,000 - Levy Reduction -permits General Fund 134,000 134,000 Levy Reduction General Fund 157,600 157,600 Vehicle & Equipment General Fund 141,500 141,500 General Fund Community Center 142,000 175,000 General Fund Vehicle & Equipment 175,000 175,000 Water Fund Vehicle & Equipment 20,000 20,000 Sewer Fund Vehicle & Equipment 36,000 36,000 Storm Water Fund Vehicle & Equipment 6,000 6,000 Vehicle & Equipment Storm Water Fund 40,000 - Vehicle & Equipment Sewer Fund 30,000 - TIF District #1 TIF Bonds 01A 154,120 154,120 TIF District #1 EDA 67,763 40,000 TIF District #2 EDA 67,763 40,000 TIF District #3 EDA 67,763 40,000 TIF District #1 TIF District #2 - 20,374 TIF District #2 TIF District #1 - 3,067 TIF District #2 TIF District #3 - 27,423