HomeMy WebLinkAboutResolution 9869RESOLUTION NO. 9869
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
APPROVING TRANSFERS BETWEEN FUNDS FOR 2023
WHEREAS, the City has adopted budgets for various funds for 2023, 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 transfers from the TIF funds have been adjusted based on actual TIF revenue
received and the transfer to the General Fund from the Vehicle & Equipment fund has been eliminated;
and
WHEREAS, the General Fund saw favorable operating results due to LGA being fully funded in
2023, recognition of the final American Rescue Plan Act (ARPA) grant funds, the issuance of conduit
debt in 2023, and the rebound of the value of the City's investment portfolio. This will allow for transfers
to other funds as the Council directs. $955,620 will 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 2023 are hereby approved up to the amounts listed in the Actual
column and the Finance Director is authorized to complete any corresponding budget adjustments:
FROM
TO
BUDGET
ACTUAL
General Fund
EDA
$ 50,000
$ 61,000
General Fund
Community Center
350,000
350,000
General Fund
Vehicle & Equipment
300,000
300,000
General Fund
Special Projects
75,000
1,030,620
General Fund
Street Improvements
1,500,000
1,500,000
TIF 46
EDA
8,393
-
TIF #5
EDA
94,229
83,197
Vehicle & Equipment
General Fund
27,000
-
Vehicle & Equipment
Water Fund
37,500
37,500
Vehicle & Equipment
Water Fund
45,000
45,000
Vehicle & Equipment
Storm Water Fund
37,500
37,500
Water Fund
General Fund
90,542
90,542
Water Fund
Vehicle & Equipment
80,000
80,000
Sewer Fund
General Fund
90,542
90,542
Sewer Fund
Vehicle & Equipment
52,000
52,000
Street Light Fund
General Fund
3,213
3,213
Storm Water Fund
General Fund
9,351
9,351
Storm Water Fund
Vehicle & Equipment
33,000
33,000
TOTAL
$ 2,883,270
$ 3,803,465
Passed and adopted this 12th day of February - - -
ATTEST
(seal)