HomeMy WebLinkAboutResolution 9548RESOLUTION NO. 9548
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
APPROVING TRANSFERS BETWEEN FUNDS FOR 2021
WHEREAS, the City has adopted budgets for various funds for 2021, 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 due to no cuts in Local
Government Aid (LGA) and the receipt of an American Rescue Plan Act (ARPA) grant. This will allow an
increase to the transfer to the Special Projects Fund for future projects and reduce the underfunded
balance in the Vehicle and Equipment Fund. Transfers to the General Fund and the Water fund from the
Vehicle & Equipment fund can be reduced or eliminated.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
following transfers for the calendar year 2021 are hereby approved up to the amounts listed in the Actual
column:
From
Water Fund
Sewer Fund
Street Light Fund
Storm Water
Vehicle & Equipment
General Fund
General Fund
General Fund
General Fund
Water Fund
Sewer Fund
Storm Water Fund
Vehicle & Equipment
TIF District #5
TIF District #6
Total
To
General Fund
General Fund
General Fund
General Fund
General Fund
Community Center
Special Projects
EDA
Vehicle & Equipment
Vehicle & Equipment
Vehicle & Equipment
Vehicle & Equipment
Water Fund
EDA
EDA
Budget
Actual
$85,345
$85,345
85,345
85,345
3,028
3,028
8,815
8,815
25,000
-
350,000
350,000
75,000
725,000
50,000
50,000
299,000
400,000
70,000
70,000
55,000
55,000
33,000
33,000
160,000
125,000
89,690
89,690
6,989
6,989
$1,396,212
$2,087,212
Passed and adopted this 14th day of February, 2022.
Carol A. Mueller, M yor
ATTEST:
Nyle Zi un City Administrator
(ses,l)