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RESOLUTION NO. 9391 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA APPROVING TRANSFERS BETWEEN FUNDS FOR 2020 WHEREAS, the City has adopted budgets for various funds for 2020, the budgets include inter - fund transfers for various purposes; and WHEREAS, it is possible to adjust some of the transfers from the originally budgeted amounts; and WHEREAS, the General fund saw favorable operating results which will allow an increase to the transfer to the Special Projects Fund to off -set the cost of the HVAC improvements. The transfer to the Community Center Fund can also be increased to off -set the retirement of the ESP lease and provide additional working capital while the economy recovers. Transfers to the General fund and the Water fund from the Vehicle & Equipment fund can be eliminated. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the following transfers for the calendar year 2020 are hereby approved up to the amounts listed in the Actual column: From To Budget Actual Water Fund General Fund $82,859 $82,859 Sewer Fund General Fund 82,859 82,859 Street Light Fund General Fund 2,940 2,940 Storm Water General Fund 8,558 8,558 Vehicle & Equipment General Fund 24,000 - General Fund Community Center 200,000 550,000 General Fund Special Projects 75,000 475,000 General Fund EDA 50,000 50,000 General Fund Vehicle & Equipment 299,000 299,000 Water Fund Vehicle & Equipment 67,000 67,000 Sewer Fund Vehicle & Equipment 55,000 55,000 Storm Water Fund Vehicle & Equipment 33,000 33,000 Vehicle & Equipment Water Fund 35,000 - TIF District #5 EDA 88,036 88,036 Street Improvement EDA 701,000 701,000 Total $1,804,252 $2,495,252 Passed and adopted this 8th day of February, 2021. 64W �h,/.,o /A/pol- Carol A. Mueller, Mayor ATTEST: ) z Nyle mu it Administrator (seal)