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CITY OF SAINT ANTHONY VILLAGE <br />RESOLUTION 25-081 <br />A RESOLUTION AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED <br />FUNDS <br />WHEREAS, each year staff budgets certain operating and debt service transfers between funds; <br />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 a <br />capital project fund reserved for public projects and if a deficit exist, funding must <br />be provided. <br />NOW THEREFORE BE IT RESOLVED that the City Council of City of Saint Anthony <br />Village, Minnesota approves the transfer of any funds noted, but subject to closing adjustments <br />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)$301,621 Building Imp Fund (510) <br /> General Fund (101)$185,000 Community Center fund (601) <br /> Community Center (601)$135,000 Building Imp Fund (510) <br /> Utilities Fund (701)$250,000 Utilities Infrastructure (450) <br /> Infrastructure Improvement Fund (509)$90,000 Capital Equipment (401) <br /> Liquor (705)$44,930 Building Imp Fund (510) <br /> Liquor (705)$300,000 General (101) <br /> Walmart TIF Improvement (330)$6,000 General (101) <br /> Lowry Grove TIF Improvement (370)$3,500 General (101) <br /> Walmart TIF Improvement (330)$525,000 2025 Street project participation (543) <br /> Utilities Infrastructure (450)$361,256 2025 Street project participation (543) <br /> Infrastructure Improvement Fund (509)$122,271 2025 Street project participation (543) <br /> Stormwater Utility Fund (706)$161,286 2025 Street project participation (543) <br /> Debt Service Transfers: <br /> Walmart TIF Improvement (330)$342,163 2006 TIF Revenue Bond (335) <br /> Walmart TIF Improvement (330)$303,045 2007 TIF Revenue Bond (336) <br /> Capital Equipment (401)$65,700 Equipment Note Debt service (402) <br />$3,283,072 <br />20