HomeMy WebLinkAboutResolution 10057 - 2025/02/10RESOLUTION NO. 10057
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
APPROVING TRANSFERS BETWEEN FUNDS FOR 2024
WHEREAS, the City has adopted budgets for various funds for 2024, 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 transfers to the General Fund and Storm Water Fund from the Vehicle & Equipment
Fund have been eliminated; and
WHEREAS, the General Fund saw favorable operating results due to the issuance of conduit
debt in 2024, and the rebound of the value of the City's investment portfolio. This will allow for transfers
in the amount of $930,000 to other funds as the Council directs
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that the
following transfers for the calendar year 2024 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
$ 50,000
General Fund
Community Center
450,000
450,000
General Fund
Vehicle & Equipment
402,881
402,881
General Fund
Special Projects
300,000 ',
300,000
General Fund
Street I mprovements
350,000
350,000
General Fund
Special Projects
-
930,000
TI F #6
EDA
5,828
2,987
TI F #5
EDA
86,402
` 87,020
TI F #7
EDA
-
6,666
Vehicle & Equipment
General Fund
28,000
-
Vehicle & Equipment
Storm Water Fund
45,000
-
Water Fund
General Fund
93,258
93,258
Water Fund
Vehicle & Equipment
90,000
90,000
Sewer Fund
General Fund
93,258
93,258
Sewer Fund
Vehicle & Equipment
60,000
60,000
Street Light Fund
General Fund
3,309
3,309
Storm Water Fund
General Fund
9,632
9,632
Storm Water Fund
Vehicle & Equipment
50,000
50,000
TOTAL
$ 2,117,568
$ 2,979,011
Passed and adopted this 10t" day of February, 2025.
indstrom, Mayor
ATTEST:
/!Nyletikmu "'City Administrator
(seal)