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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br /> <br />RESOLUTION 16-088 <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 /> <br /> <br /> <br />From Fund Amount To Fund <br />Capital and Operating Transfers: <br />General Annual Rent (101)$81,800 Community Center (601) <br />General Fund (101)$86,300 Severance Fund (901) <br />Revolving Improvement Fund (509)$90,000 Capital Equipment (401) <br />Revolving Improvement Fund (509)$77,210 General Fund (101) <br />Community Center (601)$25,000 Building Improvement (510) <br />Utility Fund (701)$25,000 Capital Equipment (401) <br />Water Filtration (704)*$50,000 General (101) <br />Water Filtration (704)*$50,000 Capital Equipment (401) <br />Liquor (705)$156,396 General (101) <br />Liquor (705)$92,653 Capital Equipment (401) <br />Debt Service Transfers: <br />Walmart TIF Improvement (330)$310,233 2006 TIF Revenue Bond (335) <br />Walmart TIF Improvement (330)$263,825 2007 TIF Revenue Bond (336) <br />Revolving Improvement Fund (509)$25,000 2009 Street Debt Service (512) <br />Stormwater Improvement Fund (702)$150,000 Road Imp. Debt Service (503) <br />Stormwater Improvement Fund (702)$20,000 2012 Street Debt Service (518) <br />Closing Transfers: <br />Water Filtration (704)*$150,000 General (101) <br />Water Filtration (704)*$350,000 Capital Equipment (401) <br />Water Filtration (704)*$181,275 Building Improvement (510) <br />Water Filtration (704)*$1,722,365 Water / Sewer Utility (701) <br />Water Filtration (704)*$1,905,561 Utilities Infrastructure (706) <br />* Transfer effective date 1/1/2016 <br />13