HomeMy WebLinkAboutRES 16-088 AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDSCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 16 -088
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
Capital and Operating Transfers:
General Annual Rent (101)
General Fund (101)
Revolving Improvement Fund (509)
Revolving Improvement Fund (509)
Community Center (601)
Utility Fund (701)
Water Filtration (704)*
Water Filtration (704)*
Liquor (705)
Liquor (705)
Debt Service Transfers:
Walmart TF Improvement (330)
Walmart TT Improvement (330)
Revolving Improvement Fund (509)
Stormwater Improvement Fund (702)
Stormwater Improvement Fund (702)
Closing Transfers:
Water Filtration (704)*
Water Filtration (704)*
Water Filtration (704)*
Water Filtration (704)*
Water Filtration (704)*
* Transfer effective date 1/1/2016
Amount To Fund
$81,800
Community Center (601)
$86,300
Severance Fund (901)
$90,000
Capital Equipment (401)
$77,210
General Fund (101)
$25,000
Building Improvement (510)
$25,000
Capital Equipment (401)
$50,000
General (101)
$50,000
Capital Equipment (401)
$156,396
General (101)
$92,653
Capital Equipment (401)
$310,233
2006 TIF Revenue Bond (335)
$263,825
2007 TIF Revenue Bond (336)
$25,000
2009 Street Debt Service (512)
$150,000
Road Imp. Debt Service (503)
$20,000
2012 Street Debt Service (518)
$150,000
General (101)
$350,000
Capital Equipment (401)
$181,275
Building Improvement (510)
$1,722,365
Water I Sevmr Utility (701)
$1,905,561
Utilities Infrastructure (706)
Adopted this I P day of December, 2016.
J rome O. Faust, Mayor
ATTEST:
14ic6le Miller, Cit Clerk
Reviewed for Administration: Ad re�e /---
Mark Casey, City Wnager