HomeMy WebLinkAboutResolution 9391RESOLUTION NO. 9391
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
APPROVING TRANSFERS BETWEEN FUNDS FOR 2020
WHEREAS, the City has adopted budgets for various funds for 2020, 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 which will allow an increase to the
transfer to the Special Projects Fund to off -set the cost of the HVAC improvements. The transfer to the
Community Center Fund can also be increased to off -set the retirement of the ESP lease and provide
additional working capital while the economy recovers. Transfers to the General fund and the Water fund
from the Vehicle & Equipment fund can be eliminated.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
following transfers for the calendar year 2020 are hereby approved up to the amounts listed in the Actual
column:
From
To
Budget
Actual
Water Fund
General Fund
$82,859
$82,859
Sewer Fund
General Fund
82,859
82,859
Street Light Fund
General Fund
2,940
2,940
Storm Water
General Fund
8,558
8,558
Vehicle & Equipment
General Fund
24,000
-
General Fund
Community Center
200,000
550,000
General Fund
Special Projects
75,000
475,000
General Fund
EDA
50,000
50,000
General Fund
Vehicle & Equipment
299,000
299,000
Water Fund
Vehicle & Equipment
67,000
67,000
Sewer Fund
Vehicle & Equipment
55,000
55,000
Storm Water Fund
Vehicle & Equipment
33,000
33,000
Vehicle & Equipment
Water Fund
35,000
-
TIF District #5
EDA
88,036
88,036
Street Improvement
EDA
701,000
701,000
Total
$1,804,252
$2,495,252
Passed and adopted this 8th day of February, 2021.
64W �h,/.,o /A/pol-
Carol A. Mueller, Mayor
ATTEST: ) z
Nyle mu it Administrator
(seal)