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RESOLUTION NO. 10057
<br />CITY OF MOUNDS VIEW
<br />COUNTY OF RAMSEY
<br />STATE OF MINNESOTA
<br />APPROVING TRANSFERS BETWEEN FUNDS FOR 2024
<br />WHEREAS, the City has adopted budgets for various funds for 2024, 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 transfers to the General Fund and Storm Water Fund from the Vehicle & Equipment
<br />Fund have been eliminated; and
<br />WHEREAS, the General Fund saw favorable operating results due to the issuance of conduit
<br />debt in 2024, and the rebound of the value of the City's investment portfolio. This will allow for transfers
<br />in the amount of $930,000 to other funds as the Council directs
<br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
<br />following transfers for the calendar year 2024 are hereby approved up to the amounts listed in the Actual
<br />column and the Finance Director is authorized to complete any corresponding budget adjustments:
<br />FROM
<br />TO
<br />BUDGET
<br />ACTUAL
<br />General Fund
<br />EDA
<br />$ 50,000
<br />$ 50,000
<br />General Fund
<br />Community Center
<br />450,000
<br />450,000
<br />General Fund
<br />Vehicle & Equipment
<br />402,881
<br />402,881
<br />General Fund
<br />Special Projects
<br />300,000 ',
<br />300,000
<br />General Fund
<br />Street I mprovements
<br />350,000
<br />350,000
<br />General Fund
<br />Special Projects
<br />-
<br />930,000
<br />TI F #6
<br />EDA
<br />5,828
<br />2,987
<br />TI F #5
<br />EDA
<br />86,402
<br />` 87,020
<br />TI F #7
<br />EDA
<br />-
<br />6,666
<br />Vehicle & Equipment
<br />General Fund
<br />28,000
<br />-
<br />Vehicle & Equipment
<br />Storm Water Fund
<br />45,000
<br />-
<br />Water Fund
<br />General Fund
<br />93,258
<br />93,258
<br />Water Fund
<br />Vehicle & Equipment
<br />90,000
<br />90,000
<br />Sewer Fund
<br />General Fund
<br />93,258
<br />93,258
<br />Sewer Fund
<br />Vehicle & Equipment
<br />60,000
<br />60,000
<br />Street Light Fund
<br />General Fund
<br />3,309
<br />3,309
<br />Storm Water Fund
<br />General Fund
<br />9,632
<br />9,632
<br />Storm Water Fund
<br />Vehicle & Equipment
<br />50,000
<br />50,000
<br />TOTAL
<br />$ 2,117,568
<br />$ 2,979,011
<br />Passed and adopted this 10t" day of February, 2025.
<br />indstrom, Mayor
<br />ATTEST:
<br />/!Nyletikmu "'City Administrator
<br />(seal)
<br />
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