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Home My WebLink AboutResolution 8507 RESOLUTION NO. 8507 CITY OF MOUNDS VIEW COUNTY OF Ramsey State of Minnesota APPROVING TRANSFERS BETWEEN FUNDS FOR 2015 WHEREAS, the City has adopted budgets for various funds for 2015, the budgets include inter-fund transfers for various purposes; and WHEREAS, it is possible to adjust some of the transfers from the originally budgeted amounts; 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, activities in the Economic Development Authority Fund were greater than expected as a result of additional development activities; and WHEREAS, the Water Enterprise fund has experienced significant activity over the past four years to catch up on deferred maintenance, discontinuing on a temporary basis outgoing transfers will allow the fund to rebuild cash reserves. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the following transfers for the calendar year 2015 are hereby approved up to the amounts listed in the Actual column and the General, EDA, and Special Projects Fund budgets are amended for the additional transfer amounts: Page 2, Resolution 8507 From To Budget Actual Water Fund General Fund $71,475 $ - Sewer Fund General Fund 56,611 56,611 Street Light Fund General Fund 2,536 2,536 Storm Water General Fund 7,383 7,383 Vehicle & Equipment General Fund 21,000 21,000 General Fund Community Center 170,000 170,000 General Fund Special Projects 50,122 200,000 General Fund EDA 10,000 16,000 General Fund Vehicle & Equipment 110,000 110,000 Water Fund Vehicle & Equipment 58,000 - Sewer Fund Vehicle & Equipment 53,000 53,000 Storm Water Fund Vehicle & Equipment 71,000 71,000 Water Fund Street Improvement Fund 25,000 - Sewer Fund Street Improvement Fund 140,000 140,000 Storm Water Fund Street Improvement Fund 75,000 75,000 Vehicle& Equipment Storm Water Fund 210,000 210,000 TIF District#2 EDA 8,957 8,957 TIF District#5 EDA 72,863 72,863 Total $1,212,947 $1,214,350 Passed and adopted this 25th day of January, 2016. i �Af!/ -'Joe Fl_ - , k i - Or ATTEST: __:--- /v1 vim. Jim Ericson, City Administrator (seal)