HomeMy WebLinkAboutResolution 10205 - 2026/02/09RESOLUTION NO. 10205
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
APPROVING TRANSFERS BETWEEN FUNDS FOR 2025
WHEREAS, the City has adopted budgets for various funds for 2025, 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 Storm Water Fund from the Vehicle & Equipment Fund has been
increased to account for the actual cost of the items net of disposal proceeds; and
WHEREAS, the General Fund saw favorable operating results due to staff vacancies and the
rebound of the value of the City's investment portfolio. This will allow for transfers in the amount of
$385,000 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 2025 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
TI F #6
TI F #5
TIF #7
Vehi cl e & Equ i pment
Water Fund
Water Fund
Sewer Fund
Sewer Fund
Street Light Fund
Storm Water Fund
Storm Water Fund
Special Projects
-
385,000
EDA
4,195
791
EDA
90,470
91,319
EDA
5,795
4,580
Storm Water Fund
469,000
498,680
General Fund
77,742
77,742
Vehi cl e & Equipment
90,000
90,000
General Fund
41,490
41,490
Vehi cl e & Equipment
60,000
60,000
General Fund
2,620
2,620
General Fund
18,430
18,430
Vehicle & Equipment
40,000
40,000
TOTAL
$ 899,742
$ 1,310,652
Passed and adopted this gth day of February, 2026.
ATTEST. -
Administrator
(seal)