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