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RESOLUTION NO. 9869
<br />CITY OF MOUNDS VIEW
<br />COUNTY OF RAMSEY
<br />STATE OF MINNESOTA
<br />APPROVING TRANSFERS BETWEEN FUNDS FOR 2023
<br />WHEREAS, the City has adopted budgets for various funds for 2023, the budgets include inter -
<br />fund transfers for various purposes; and
<br />WHEREAS, it is possible to adjust some of the transfers from the originally budgeted amounts;
<br />and
<br />WHEREAS, the transfers from the TIF funds have been adjusted based on actual TIF revenue
<br />received and the transfer to the General Fund from the Vehicle & Equipment fund has been eliminated;
<br />and
<br />WHEREAS, the General Fund saw favorable operating results due to LGA being fully funded in
<br />2023, recognition of the final American Rescue Plan Act (ARPA) grant funds, the issuance of conduit
<br />debt in 2023, and the rebound of the value of the City's investment portfolio. This will allow for transfers
<br />to other funds as the Council directs. $955,620 will be transferred to the Special Projects Fund.
<br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
<br />following transfers for the calendar year 2023 are hereby approved up to the amounts listed in the Actual
<br />column and the Finance Director is authorized to complete any corresponding budget adjustments:
<br />FROM
<br />TO
<br />BUDGET
<br />ACTUAL
<br />General Fund
<br />EDA
<br />$ 50,000
<br />$ 61,000
<br />General Fund
<br />Community Center
<br />350,000
<br />350,000
<br />General Fund
<br />Vehicle & Equipment
<br />300,000
<br />300,000
<br />General Fund
<br />Special Projects
<br />75,000
<br />1,030,620
<br />General Fund
<br />Street Improvements
<br />1,500,000
<br />1,500,000
<br />TIF 46
<br />EDA
<br />8,393
<br />-
<br />TIF #5
<br />EDA
<br />94,229
<br />83,197
<br />Vehicle & Equipment
<br />General Fund
<br />27,000
<br />-
<br />Vehicle & Equipment
<br />Water Fund
<br />37,500
<br />37,500
<br />Vehicle & Equipment
<br />Water Fund
<br />45,000
<br />45,000
<br />Vehicle & Equipment
<br />Storm Water Fund
<br />37,500
<br />37,500
<br />Water Fund
<br />General Fund
<br />90,542
<br />90,542
<br />Water Fund
<br />Vehicle & Equipment
<br />80,000
<br />80,000
<br />Sewer Fund
<br />General Fund
<br />90,542
<br />90,542
<br />Sewer Fund
<br />Vehicle & Equipment
<br />52,000
<br />52,000
<br />Street Light Fund
<br />General Fund
<br />3,213
<br />3,213
<br />Storm Water Fund
<br />General Fund
<br />9,351
<br />9,351
<br />Storm Water Fund
<br />Vehicle & Equipment
<br />33,000
<br />33,000
<br />TOTAL
<br />$ 2,883,270
<br />$ 3,803,465
<br />Passed and adopted this 12th day of February - - -
<br />ATTEST
<br />(seal)
<br />
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