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RESOLUTION NO. 10205 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />APPROVING TRANSFERS BETWEEN FUNDS FOR 2025 <br />WHEREAS, the City has adopted budgets for various funds for 2025, 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 Storm Water Fund from the Vehicle & Equipment Fund has been <br />increased to account for the actual cost of the items net of disposal proceeds; and <br />WHEREAS, the General Fund saw favorable operating results due to staff vacancies and the <br />rebound of the value of the City's investment portfolio. This will allow for transfers in the amount of <br />$385,000 to other funds as the Council directs. <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the <br />following transfers for the calendar year 2025 are hereby approved up to the amounts listed in the Actual <br />column, and the Finance Director is authorized to complete any corresponding budget adjustments: <br />FROM TO BUDGET ACTUAL <br />General Fund <br />TI F #6 <br />TI F #5 <br />TIF #7 <br />Vehi cl e & Equ i pment <br />Water Fund <br />Water Fund <br />Sewer Fund <br />Sewer Fund <br />Street Light Fund <br />Storm Water Fund <br />Storm Water Fund <br />Special Projects <br />- <br />385,000 <br />EDA <br />4,195 <br />791 <br />EDA <br />90,470 <br />91,319 <br />EDA <br />5,795 <br />4,580 <br />Storm Water Fund <br />469,000 <br />498,680 <br />General Fund <br />77,742 <br />77,742 <br />Vehi cl e & Equipment <br />90,000 <br />90,000 <br />General Fund <br />41,490 <br />41,490 <br />Vehi cl e & Equipment <br />60,000 <br />60,000 <br />General Fund <br />2,620 <br />2,620 <br />General Fund <br />18,430 <br />18,430 <br />Vehicle & Equipment <br />40,000 <br />40,000 <br />TOTAL <br />$ 899,742 <br />$ 1,310,652 <br />Passed and adopted this gth day of February, 2026. <br />ATTEST. - <br />Administrator <br />(seal) <br />