HomeMy WebLinkAboutRES 13-083 Year End TransfersCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 13-083
A RESOLUTION AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDS
WHEREAS, each year staff budgets certain operating and debt service transfers between
funds; and
WHEREAS, each year, staff evaluates existing funds and identifies those funds in which all
activity has concluded and obligations have been satisfied; and
WHEREAS, Capital Projects should be closed when all activity has concluded; any residual
money and all assets should be transferred to the associated debt service fund or
a capital project fund reserved for public projects and if a deficit exist, funding
must be provided.
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of St. Anthony here
approves the transfer of any funds noted, but subject to closing adjustments as needed:
From Fund
Transfers:
General (101)
Water Filtration (704)
Water Filtration (704)
Liquor (705)
Liquor (705)
Community Center (601)
Liquor (705)
MSA/Revolving Improvement Fund (509)
Debt Service Transfers:
Walmart TIF Improvement (330)
Walmart TIF Improvement (330)
Closing-
Silver
losingSilver Lake Road (360)
2011 Street Improvement (515)
Street Improvement (504)
* Cub TIF Improvement (326)
From Fund
Transfers:
General (101)
Water Filtration (704)
k +PTTRif9
To Fund
$
70,150
Community Center (601)
$
50,000
General (101)
$
50,000
Capital Equipment (401)
$
305,800
General (101)
$
108,200
Capital Equipment (401)
$
145,000
Building Improvement (510)
$
25,000
Recycling (225)
$
90,000
Capital Equipment (401)
$
363,000
2006 TIF Revenue Bond (335)
$
319,700
2007 TIF Revenue Bond (336)
$
600
Silver Lake Road Bond (365)
$
82,000
2011 Street Improvement Bond (516)
$
194,000
Street Improvement D/S (503)
$
195,000
Cub TIF D/S (325)
Amount
To Fund
$
70,150
Community Center (601)
$
50,000
General (101)
Water Filtration (704)
Liquor (705)
Liquor (705)
Community Center (601)
Liquor (705)
MSA/Revolving Improvement Fund (509)
Debt Service Transfers:
Walmart TIF Improvement (330)
Walmart TIF Improvement (330)
Closing:
Silver Lake Road (360)
2011 Street Improvement (515)
Street Improvement (504)
* Cub TIF Improvement (326)
$ 50,000
Capital Equipment (401)
$ 305,800
General (101)
$ 108,200
Capital Equipment (401)
$ 145,000
Building Improvement (510)
$ 25,000
Recycling (225)
$ 90,000
Capital Equipment (401)
$ 363,000
2006 TIF Revenue Bond (335)
$ 319,700
2007 TIF Revenue Bond (336)
$ 600
Silver Lake Road Bond (365)
$ 82,000
2011 Street Improvement Bond (516)
$ 194,000
Street Improvement D/S (503)
$ 195,000
Cub TIF D/S (325)
* Dual purpose D/S Transfer and Retiring Bond Fund
Adopted this 10th day of December, 2013.
Jerome O. Faust, Mayor
ATTEST:C
Barbara J. Suciu, City Clerk
Reviewed for Administration:
Mark Casey, City Ykanager