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Mounds View City Council March 14, 2005 <br />Regular Meeting Page 16 <br />MOTION/SECOND. Thomas/Flaherry. To waive the reading and adopt Resolution 647$ <br />Converting one Patrol Officer Position to a Sergeant Position. <br />Ayes-5 <br />Nays-0 <br />Motion carried. <br />H. Resolution 6477 Approving Transfers Between Funds for the Year 2004. <br />Finance Director Hansen stated the proposal before the Council was necessary to close out the <br />year for 2004. He stated that many of the transfers are for the amounts that were budgeted for, <br />but there are some differences. He noted that a transfer to a debt service fund would be paid <br />from T.I.F. District #3 instead of T.I.F. District #1 as was budgeted due to T.I.F. District #1 <br />being in a deficit position. He stated the General Fund would show a surplus of between $50,000 <br />and $100,000. <br />Council Member Stigney asked for an explanation of the paragraph regarding the general fund <br />reduction. <br />Finance Director Hansen remarked that the surplus of $50,000-$100,000 is an adequate fund <br />balance for year end, and it's in the City's better interest to leave some money in the other funds. <br />He stated that the golf course was not the only fund that benefited from a reduction; the vehicle <br />and special projects fund also had reductions in their proposed transfers. <br />Council Member Stigney asked whether the whole purpose was so they didn't exceed the 50 <br />percent threshold. <br />Finance Director Hansen stated they were trying to avoid getting back into the situation of having <br />more money in the general fund than they really need. <br />Council Member Stigney stated he had a problem with the $15,000 remaining in the golf course <br />fund. <br />MOTION/SECOND. Marry/Gunn. To waive the reading and adopt Resolution 6477 <br />Approving Transfers Between Funds for the Year 2004. <br />Ayes-4 Nays-1 (Stigney) Motion carried. <br />10. APPROVAL OF NIINUTES <br />A. February 28, 2005 City Council Minutes. <br />Council Member Gunn made a correction to page 1, line 33, "Barb Haake". <br />C7 <br />• <br />Council Member Gunn made a correction to page 7, line 40, "Dazenski". • <br />