HomeMy WebLinkAboutRES 18-081 AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDSCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 18 -081
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
Capital and Operating Transfers:
General Annual Rent (101)
$90,185
Community Center (601)
General Fund (101)
$86,300
Severance Fund (901)
Liquor (705)
$250,000
General (101)
Chandler TIF (321)
$3,148
General (101)
Apache Cub TIF (326)
$3,148
General (101)
Walmart TIF Improvement (330)
$1,574
General (101)
Community Center (601)
$90,185
Buildinglmp.(510)
Utilities Infrastructure Fund (450)
$198,400
2018 Street Project Fund (529)
Stromwater Fund (706)
$28,394
2018 Street Project Fund (529)
Revolving Improvement Fund (509)
$90,000
Capital Improvement Fund (401)
Revolving Improvement Fund (509)
$100,000
General (101)
Debt Service Transfers:
Walmart TIF Improvement (330)
$316,912
2006 TIF Revenue Bond (335)
Walmart TIF Improvement (330)
$270,325
2007 TIF Revenue Bond (336)
Revolving Improvement Fund (509)
$63,963
Road Imp. Debt Service (503)
Revolving Improvement Fund (509)
$24,037
Road Imp. Debt Service (512)
Revolving Improvement Fund (509)
$20,000
Road Imp. Debt Service (514)
Revolving Improvement Fund (509)
$30,000
Road Imp. Debt Service (516)
Revolving Improvement Fund (509)
$10,000
Road Imp. Debt Service (522)
Revolving Improvement Fund (509)
$10,000
Road Imp. Debt Service (524)
Revolving Improvement Fund (509)
$10,000
Road Imp. Debt Service (365)
Stormwater Utility Fund (706)
$60,000
Road Imp. Debt Service (503)
Stormwater Utility Fund (706)
$35,000
Road Imp. Debt Service (518)
Capital Improvement Fund (401)
$68,880
Fire Truck Debt Service Fund
Closing Transfers:
2017 Street Improvement Fund (527)
$128,500
2017 Street Debt Service Fund (528)
$1,988,951
Adopted this 11 w day of December, 2018.
Jerome O. Faust, Mayor
ATTEST:
Nicole Miller, City Clerk
Reviewed for Administration: A� (� "-�
Mark Casey, City Manager