Agenda Packets - 2021/02/08 - Laserfiche WebLink

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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 Water Fund Sewer Fund Street Light Fund Storm Water Vehicle & Equipment General Fund General Fund General Fund General Fund Water Fund Sewer Fund Storm Water Fund Vehicle & Equipment TIF District #5 Street Improvement Total To General Fund General Fund General Fund General Fund General Fund Community Center Special Projects EDA Vehicle & Equipment Vehicle & Equipment Vehicle & Equipment Vehicle & Equipment Water Fund EDA EDA Passed and adopted this 8t" day of February, 2021. ATTEST: $82,859 82,859 2,940 8,558 24,000 200,000 75,000 50,000 299,000 67,000 55,000 33,000 35,000 88,036 701,000 Actual $82,859 82,859 2,940 8,558 550,000 475,000 50,000 299,000 67,000 55,000 33,000 88,036 701,000 $1,804,252 $2,495,252 Carol A. Mueller, Mayor Nyle Zikmund, City Administrator (seal)