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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br /> <br />RESOLUTION 18-081 <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)$90,185 Community Center (601) <br />General Fund (101)$86,300 Severance Fund (901) <br />Liquor (705)$250,000 General (101) <br />Chandler TIF (321)$3,148 General (101) <br />Apache Cub TIF (326)$3,148 General (101) <br />Walmart TIF Improvement (330)$1,574 General (101) <br />Community Center (601)$90,185 Building Imp.(510) <br />Utilities Infrastructure Fund (450)$198,400 2018 Street Project Fund (529) <br />Stromwater Fund (706)$28,394 2018 Street Project Fund (529) <br />Revolving Improvement Fund (509)$90,000 Capital Improvement Fund (401) <br />Revolving Improvement Fund (509)$100,000 General (101) <br />Debt Service Transfers: <br />Walmart TIF Improvement (330)$316,912 2006 TIF Revenue Bond (335) <br />Walmart TIF Improvement (330)$270,325 2007 TIF Revenue Bond (336) <br />Revolving Improvement Fund (509)$63,963 Road Imp. Debt Service (503) <br />Revolving Improvement Fund (509)$24,037 Road Imp. Debt Service (512) <br />Revolving Improvement Fund (509)$20,000 Road Imp. Debt Service (514) <br />Revolving Improvement Fund (509)$30,000 Road Imp. Debt Service (516) <br />Revolving Improvement Fund (509)$10,000 Road Imp. Debt Service (522) <br />Revolving Improvement Fund (509)$10,000 Road Imp. Debt Service (524) <br />Revolving Improvement Fund (509)$10,000 Road Imp. Debt Service (365) <br />Stormwater Utility Fund (706)$60,000 Road Imp. Debt Service (503) <br />Stormwater Utility Fund (706)$35,000 Road Imp. Debt Service (518) <br />Capital Improvement Fund (401)$68,880 Fire Truck Debt Service Fund <br />Closing Transfers: <br />2017 Street Improvement Fund (527) $128,500 2017 Street Debt Service Fund (528) <br />$1,988,951 <br />17