HomeMy WebLinkAboutResolution 5995
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RESOLUTION NO. 5995
CITY OF MOUNDS VIEW
County of Ramsey
State of Minnesota
RESCINDING RESOLUTION 5967 AND RE-APPROVING TRANSFERS BETWEEN
FUNDS FOR THE YEAR 2002
WHEREAS, the City adopted budgets for various funds for 2002 that included inter-
fund transfers for various purposes; and
WHEREAS, the Police Department only purchased one squad car during 2002
rather than the two squad cars budgeted and so the General Fund only spent $63,000 on
all vehicles; and
WHEREAS, the Sewer Utility Fund didn't purchase a skid-steer loader as budgeted
and so spent nothing on vehicles; and
WHEREAS, the Community Center operated at a loss during 2002 and so needs a
larger transfer than what was originally budgeted; and
WHEREAS, the Economic Development Authority received state grants during 2002
in reimbursement of moneys spent in 2001 on the Edgewood Regional Pond and so
doesn't need transfers from the Tax Increment Financing Districts in 2002; and
WHEREAS, the T.I.F. Bonds 94B made their final debt service payment on
February 1,2003 and only needs $983,290 to be transferred in addition to funds previously
on hand; and
WHEREAS, the City Council approved Resolution 5967 on March 10, 2003 which
approved transfers; and
WHEREAS, work on the annual financial audit revealed an error in Resolution 5967.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds
View that Resolution 5967 is rescinded.
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RESOLUTION 5995, page 2.
BE IT FURTHER RESOLVED that the following transfers forthe calendar year 2002
are hereby approved in the amounts listed in the Actual column:
Budgeted
Amount
$ 64,500
38,690
70,000
90,000
15,000
50,000
25,000
15,000
15,000
27,000
2,500
342,035
27,575
114,175
987,160
107,808
181,024
217,706
From
Water Fund
Sewer Fund
Vehicle & Equip
Special Projects
Golf Course
General Fund
General Fund
Water Fund
Sewer Fund
Vehicle & Equipment
Vehicle & Equipment
T.I.F. Dist. #1
T.I.F. Dist. #2
T.I.F. Dist. #3
T.I.F. Dist. #1
T.I,F. Dist. #1
T.I.F. Dist. #2
T.I.F. Dist. #3
To
General Fund
General Fund
General Fund
General Fund
General Fund
Community Center
Vehicle & Equipment
Vehicle & Equipment
Vehicle & Equipment
Water Fund
Sewer Fund
Economic Dev. Auth.
Economic Dev. Auth.
Economic Dev. Auth.
T.I.F. Bonds 94B
T.I.F. Bonds 96B
T.I.F. Bonds 96A
T.I.F. Bonds 96A
Passed and adopted this 14th day of April 2003.
ATTEST:
(SEAL)
Actual
Amount
$64,500
38,690
63,000
90,000
15,000
105,000
25,000
15,000
15,000
27,000
-0-
,-0-
-0-
-0-
983,290
107,808
181,024
217,706
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James Ercison, Interim City Administrator