HomeMy WebLinkAboutRES 14-084 Transfers and Closing of Specified FundsCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 14-084
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
$
Amount
To Fund
Transfers:
$
700,400
2007 TIF Revenue Bond (336)
* General Annual Rent (101)
$
64,654
Community Center (601)
Water Filtration (704)
$
50,000
General (101)
Water Filtration (704)
$
50,000
Capital Equipment (401)
Liquor (705)
$
214,244
General (101)
Liquor (705)
$
108,200
Capital Equipment (401)
Community Center (601)
$
25,000
Building Improvement (510)
Liquor (705)
$
73,000
Building Improvement (510)
MSA/Revolving Improvement Fund (509)
$
90,000
Capital Equipment (401)
General Fund (101)
$
86,300
Severance Fund (901)
Recycling Fund (225)
$
15,645
Utility Fund (701)
Debt Service Transfers:
Walmart TIF Improvement (330)
$
368,300
2006 TIF Revenue Bond (335)
Walmart TIF Improvement (330)
$
700,400
2007 TIF Revenue Bond (336)
Closing:
Silver Lake Village (340)
$
153,000
Silver Lake Village Bond (345)
2012 Street Improvement (517)
$
8,000
2012 Street Improvement Bond (518)
Public Facilities Bond Fund (311)
$
1,767
PW/Fire Facility Reserve (312)
* Annual Rent transferred decreased by $8,996 for 2011 Community Center Utility expense paid by
General Fund.
Adopted this 9`h day of December, 2014.
Jerome O. Faust, Mayor
ATTEST: �I'd) G&�M
Barbara J. Suciu, City Clerk
Reviewed for Administration: Q�
Mark Casey, City nager