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