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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br />RESOLUTION 24-090 <br />A RESOLUTION AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED <br />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 <br />residual money and all assets should be transferred to the associated debt <br />service fund or a capital project fund reserved for public projects and if a <br />deficit exist, funding must be provided. <br />NOW THEREFORE BE IT RESOLVED, that the City Council of the City of St. Anthony <br />here 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 Fund (101)$86,300 Severance Fund (901) <br />General Fund (101)$222,036 Capital Fund (401) <br />General Fund (101)$262,189 Park Imp Fund (501), <br />General Fund (101)$235,000 Building Fund (601) <br />Community Center (601)$135,000 Building Imp Fund (510) <br />Infrastructure 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 />Debt Service Transfers: <br />Walmart TIF Improvement (330)$342,163 2006 TIF Revenue Bond (335) <br />Walmart TIF Improvement (330)$294,900 2007 TIF Revenue Bond (336) <br />Capital Equipment (401)$67,500 Equipment Note Debt service (402) <br />Road Infrastructure Fund (539)$249,000 Debt Service Fund (540) <br />Building Improvement Fund (510)$8,328 Street Imp. Debt Service (311) <br />Closing Transfers:$2,282,416 <br />24