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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 TO BUDGET ACTUAL
<br /> General Fund EDA $ 50,000 $ 50,000
<br /> General Fund Community Center 450,000 450,000
<br /> General Fund Vehicle& Equipment 402,881 402,881
<br /> General Fund Special Projects 300,000 300,000
<br /> General Fund Street Improvements 350,000 350,000
<br /> General Fund - 930,000
<br /> TI F#6 EDA 5,828 2,987
<br /> TIF#5 EDA 86,402 87,020
<br /> TIF#7 EDA - 6,666
<br /> Vehicle& Equipment General Fund 28,000 -
<br /> Vehicle& Equipment Storm Water Fund 45,000 -
<br /> Water Fund General Fund 93,258 93,258
<br /> Water Fund Vehicle& Equipment 90,000 90,000
<br /> Sewer Fund General Fund 93,258 93,258
<br /> Sewer Fund Vehicle& Equipment 60,000 60,000
<br /> Street Light Fund General Fund 3,309 3,309
<br /> Storm Water Fund General Fund 9,632 9,632
<br /> Storm Water Fund Vehicle& Equipment 50,000 50,000
<br /> TOTAL $ 2,117,568 $ 2,979,011
<br /> Passed and adopted this 10t" day of February, 2025.
<br /> Zach Lindstrom, Mayor
<br /> ATTEST:
<br /> Nyle Zikmund, City Administrator
<br /> (seal)
<br />
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