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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br /> <br />RESOLUTION 22-085 <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 />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 the proposed uses of American Rescue Plan Act funding have been previously <br />approved and have been finalized or estimated in amount for 2022 and are being <br />transferred for the 2022 Stormwater improvements and Public Safety Capital <br />project items below: <br />• Foss Road Ditch restoration <br />• Alley Storm Water improvement <br />• Harding Pond 2022 Estimated Restoration costs <br />• Fire Engine Chassis <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 Fund (101)$86,300 Severance Fund (901) <br />General Fund (101)$140,000 Capital Equipment (401) <br />General Fund (101)$152,000 Park Imp Fund (501) <br />General Fund (101)$170,474 Community Center (601) <br />General Fund - ARPA Funds (101)$300,921 Capital Equipment (401) <br />General Fund - ARPA Funds (101)$102,151 2022 Street Improvement Fund (539) <br />General Fund - ARPA Funds (101)$30,535 Stormwater Fund (706) <br />Community Center (601)$105,474 Building Imp Fund (510) <br />Revolving Improvement Fund (509)$90,000 Capital Equipment (401) <br />Liquor (705)$275,000 General (101) <br />Walmart TIF Improvement (330)$6,000 General (101) <br />Cub TIF Improvement (326)$6,000 General (101) <br />Chandler TIF Improvement (321)$3,000 General (101) <br />Stormwater Fund (706)$59,752 2021 Street Improvement Fund (535) <br />Public Utilities Capital Fund (450)$8,320 2022 Street Improvement Fund (539) <br />Debt Service Transfers: <br />Walmart TIF Improvement (330)$333,813 2006 TIF Revenue Bond (335) <br />Walmart TIF Improvement (330)$290,400 2007 TIF Revenue Bond (336) <br />Road Infrastructure Fund (509)$3,083 2022A Street Imp Bond Fund (540) <br />Road Infrastructure Fund (509)$4,988 2021A Street Imp Bond Fund (538) <br />2019 Street Imp fund (531)$15,000 2019A Street Imp Bond Fund (532) <br />Capital Equipment (401)$11,650 Equipment Note Debt service (402) <br />Closing Transfers: <br />Pratt / Apache Bond Imp. Fund (345) $86,870 Debt Service fund prior to 2008 (503) <br />Pratt / Apache Bond Imp. Fund (345) $442,332 Road Infrastructure Fund (509) <br />2019 Street Improvement Fund (531)$53,102 2019 Street Debt Service Fund (532) <br />2020 Street Improvement Fund (533)$245,100 2020 Street Debt Service Fund (534) <br />$3,022,265 <br />181