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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br /> <br />RESOLUTION 15-071 <br /> <br />A RESOLUTION AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDS <br /> <br />WHEREAS, each year staff budgets certain operating and debt service transfers between <br />funds; and <br /> <br />WHEREAS, each year, staff evaluates existing funds and identifies those funds in which all <br />activity has concluded and obligations have been satisfied; and <br /> <br />WHEREAS, Capital Projects should be closed when all activity has concluded; any residual <br />money and all assets should be transferred to the associated debt service fund or <br />a capital project fund reserved for public projects and if a deficit exist, funding <br />must be provided. <br /> <br />NOW THEREFORE BE IT RESOLVED, that the City Council of the City of St. Anthony here <br />approves the transfer of any funds noted, but subject to closing adjustments as needed: <br /> <br /> <br />From Fund Amount To Fund <br />Capital and Operating Transfers: <br />General Annual Rent (101)$78,650 Community Center (601) <br />General Fund (101)$86,300 Severance Fund (901) <br />General Fund (101)$82,239 HRA Fund (301) <br />Revolving Improvement Fund (509)$90,000 Capital Equipment (401) <br />Revolving Improvement Fund (509)$77,211 General Fund (101) <br />Revolving Improvement Fund (509)$100,000 2014 Street Improvement Fund (521) <br />Community Center (601)$25,000 Building Improvement (510) <br />Utility Fund (701)$15,000 Capital Equipment (401) <br />Water Filtration (704)$50,000 General (101) <br />Water Filtration (704)$50,000 Capital Equipment (401) <br />Water Filtration (704)$70,564 Building Improvement (510) <br />Liquor (705)$67,849 General (101) <br />Liquor (705)$108,200 Capital Equipment (401) <br />Liquor (705)$73,000 Building Improvement (510) <br />Debt Service Transfers: <br />Walmart TIF Improvement (330)$373,200 2006 TIF Revenue Bond (335) <br />Walmart TIF Improvement (330)$214,000 2007 TIF Revenue Bond (336) <br />Stormwater Improvement Fund (702)$25,000 2008 Debt Service (365) <br />Revolving Improvement Fund (509)$7,500 Road Imp. Debt Service Fund (503) <br />Closing Transfers: <br />General Fund (101)$121,354 HRA Projects Fund (319) <br />MSA Bond Fund (207)$5,104 Road Imp. Debt Service Fund (503) <br />HRA Projects Fund (319)$70,000 HRA Fund (301) <br /> 2013 Street Improvement Fund (519)$189,000 2013 Street Improvement Bond Fund (520) <br />Revolving Improvement Fund (509)$195,000 Salo Park Improvement Fund (350) <br />17