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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 <br />Amount <br />To Fund <br />Capital and Operating Transfers: <br />General Fund (101) <br />$86,300 <br />Severance Fund (901) <br />General Fund (101) <br />$222,036' <br />Capital Fund (401) <br />General Fund (101) <br />$262,189 <br />Park Imp Fund (501), <br />General Fund (101) <br />$235,000 <br />Building Fund (601) <br />Community Center (601) <br />$135,000 <br />Building Imp Fund (510) <br />Infrastructure improvement Fund (509) <br />$90,000 <br />Capital Equipment (401) <br />Liquor (705) <br />$275,000 <br />General (101) <br />Walmart TIF Improvement (330) <br />$6,000, <br />General (101) <br />Cub TIF Improvement (326) <br />$6,0 0 <br />General (101) <br />Chandler TIF Improvement (321) <br />$3,000 <br />General (101) <br />Debt Service Transfers: <br />Walmart TIF Improvement (330) <br />$342,163 <br />2006 TIF Revenue Bond (335) <br />Walmart TIF Improvement (330) <br />$294,900 <br />2007 TIF Revenue Bond (336) <br />Capital Equipment (401) <br />$67,500 <br />Equipment Note Debt service (402) <br />Road Infrastructure Fund (539) <br />$249,000 <br />Debt Service Fund (540) <br />Building Improvement Fund (510) <br />$8,328 <br />Street Imp. Debt Service (311) <br />Closing Transfers: <br />$2,282,416 <br />