HomeMy WebLinkAboutResolution 8367 RESOLUTION NO. 8367
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
APPROVING TRANSFERS BETWEEN FUNDS FOR 2014
WHEREAS, the City has adopted budgets for various funds for 2014 that included inter-fund
transfers for various purposes; and
WHEREAS, it is possible to adjust some of the transfers from the originally budgeted amounts; and
WHEREAS, some equipment in the General fund was not purchased; and
WHEREAS,the General fund saw favorable operating results providing an opportunity to restore
some of the fund balance in the Special Projects Fund; and
WHEREAS, results in the Community Center Fund were better than expected; and
WHEREAS, some activities budgeted for in the Economic Development Authority Fund did not
occur which eliminates the need to make the full budgeted transfers; and
WHEREAS, TIF District 5 transfer should reflect 5% of the increment collected; and
WHEREAS, the Debt service fund will make a final payment leaving a balance that can be
transferred to the Special Projects Fund.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
following transfers for the calendar year 2014 are hereby approved up to the amounts listed in the Actual
column and the General, TIF Districts 1, 2, and 5, Special Projects, and Debt Service Fund budgets are
amended for the additional transfer amounts:
From To Budget Actual
Water Fund General Fund $69,393 $69,393
Sewer Fund General Fund 54,962 54,962
Street Light Fund General Fund 2,462 2,462
Storm Water General Fund 7,168 7,168
Special Projects Fund General Fund 90,000 -
Vehicle & Equipment General Fund 81,600 38,316
General Fund Community Center 170,000 165,000
General Fund Special Projects - 825,000
Debt Service Fund Special Projects - 87,000
General Fund Vehicle & Equipment 100,000 100,000
Water Fund Vehicle & Equipment 60,000 60,000
Sewer Fund Vehicle & Equipment 36,000 36,000
Storm Water Fund Vehicle & Equipment 16,000 16,000
Water Fund Street Improvement 85,000 -
Fund
Sewer Fund Street Improvement 140,000 140,000
Fund
Storm Water Fund Street Improvement 75,000 75,000
Fund
Vehicle & Equipment Water Fund 72,000 72,000
TIF District#2 TIF District#1 - 48,038
TIF District#2 EDA 101,389 10,000
TIF District#3 EDA 101,389 10,000
TIF District#5 EDA 64,958 70,760
Total $1,327,321 $1,860,099
Resolution 8367
Page 2
Passed and adopted this 26th day of January, 2015.
414
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ATTEST:
I A
1 •
James Ericson, City Administrator
(seal)