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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br />RESOLUTION 19-089 <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 Amount To Fund <br />Capital and Operating Transfers: <br />General Annual Rent (101)$94,694 Community Center (601) <br />General Fund (101)$86,300 Severance Fund (901) <br />Revolving Improvement Fund (509)$90,000 Capital Equipment (401) <br />Public Utilities CIP Fund (450)$251,610 Revolving Improvement Fund (509) <br />Community Center (601)$94,694 Building Imp. Fund (510) <br />Revolving Improvement Fund (509)$60,000 2016 Street Improvement Fund (525) <br />Liquor (705)$250,000 General (101) <br />Walmart TIF Improvement (330)$3,280 General (101) <br />Cub TIF Improvement (326)$3,280 General (101) <br />Chandler TIF Improvement (321)$1,640 General (101) <br />Debt Service Transfers: <br />Walmart TIF Improvement (330)$317,363 2006 TIF Revenue Bond (335) <br />Walmart TIF Improvement (330)$276,625 2007 TIF Revenue Bond (336) <br />Capital Equipment (401)$61,235 Equipment Note Debt service (402) <br />Revolving Improvement Fund (509)$7,000 Road Imp. Debt Service (365) <br />Revolving Improvement Fund (509)$55,500 Road Imp. Debt Service (503) <br />Revolving Improvement Fund (509)$18,000 Road Imp. Debt Service (512) <br />Revolving Improvement Fund (509)$18,000 Road Imp. Debt Service (514) <br />Revolving Improvement Fund (509)$18,000 Road Imp. Debt Service (516) <br />Revolving Improvement Fund (509)$18,000 Road Imp. Debt Service (518) <br />Revolving Improvement Fund (509)$9,000 Road Imp. Debt Service (522) <br />Revolving Improvement Fund (509)$9,000 Road Imp. Debt Service (524) <br />Stormwater Utility Fund (706)$85,000 Road Imp. Debt Service (503) <br />$1,828,221 <br />17