HomeMy WebLinkAboutRES 17-082 AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDSCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 17 -082
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 Improwment Fund (509)
Revolving Improvement Fund (509)
Community Center (601)
Liquor (705)
Debt Service Transfers:
Walmart TIF Improvement (330)
Walmart TIF Improvement (330)
Revolving Improvement Fund (509)
Revolving Improvement Fund (509)
Stormwater Utility Fund (706)
Stormwater Utility Fund (706)
Stormwater Utility Fund (706)
Stormwater Utility Fund (706)
Stormwater Utility Fund (706)
Amount To Fund
$85,890
Community Center (601)
$86,300
Severance Fund (901)
$90,000
Capital Equipment (401)
$370,000
General (101)
$85,890
Building Imp. Fund (510)
$249,060
General (101)
$306,163
2006 TIF Revenue Bond (335)
$268,875
2007 TIF Revenue Bond (336)
$81,000
Road Imp. Debt Service (503)
$4,000
Road Imp. Debt Service (516)
$31,000
Road Imp. Debt Service (503)
$4,000
Road Imp, Debt Service (516)
$52,000
Road Imp. Debt Service (520)
$34,000
Road Imp. Debt Service (522)
$29,000
Road Imp. Debt Service (524)
Closing Transfers:
2014 Street Improvement Fund (521) $2,200 2014 Street Debt Service Fund (522)
2015 Street Improvement Fund (523) $149,000 2015 Street Debt Service Fund (524)
$1,928,378
Adopted this 12`h day of December, 2017.
Jerome O. Faust, Mayor
ATTEST: JL4 VZA
Nicole Miller, City Oerk
Reviewed for Administration: &a A
Mark Casey, City Nfanager