HomeMy WebLinkAboutResolution 7020RESOLUTION NO. 7020
CITY OF MOUNDS VIEW
County of Ramsey
State of Minnesota
APPROVING TRANSFERS BETWEEN FUNDS FOR THE YEAR 2006
WHEREAS, the City has adopted budgets for various funds for 2006 that included inter-fund
transfers for various purposes; and
WHEREAS, it is possible to reduce transfers from several other funds to the General Fund due to
positive 2006 financial results and deferred capital expenditures; and
WHERAS, the Community Center Fund has experienced challenging financial conditions and
needs an increased transfer from the General Fund to avoid using limited reserves; and
WHEREAS, projects budgeted for in the Economic Development Authority Fund were funded
directly from the individual Tax Increment Funds thus eliminating the need to make the full transfers.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
following transfers for the calendar year 2006 are hereby approved in the amounts listed in the Actual
column:
From
Water Fund
Sewer Fund
Vehicle & Equip
Special Projects
Levy Reduction -permits
Levy Reduction
Special Projects
General Fund
General Fund
Water Fund
Sewer Fund
Storm Water Fund
Vehicle & Equipment
T.LF. Dist. #1
T.I.F. Dist. #1
T.LF. Dist. #3
Budgeted Actual
T o Amount Amount
General Fund $53,735 $53,735
General Fund 42,560 42,.560
General Fund 434,500 239,500
Generai Fund 90,000 -0-
General Fund 141,348 141,348
GeneralFund 217,000 -0-
Community Center 15,000 15,000
Community Center 131,000 200,000
Vehicle & Equipment 175,000 175,000
Vehicle & Equipment 20,000 20,000
Vehicle & Equipment 36,000 36,000
Vehicle & Equipment 6,000 6,000
Storm Water Fund 114,000 114,000
T.I.. F. Bonds 01A 157,814 157,814
EDA 942,516 35,000
EDA 236,092 35,000
BE 1T FURTHER RESOLVED that the 2006 budget for the General Fund be amended to increase
Transfers to the Community Center Fund by $69,000..
Passed and adopted this 26th day of February, 2007
ATTEST:
(seal)
,l ~.
R Marty, Mayor
~~, ~., ~
Kurt Ulrich, City Administrator
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