HomeMy WebLinkAboutRES 19-089 AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDS17
CITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 19-089
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)
Public Utilities CIP Fund (450)
Community Center (601)
Revolving Improvement Fund (509)
Liquor (705)
Walmart TIF Improvement (330)
Cub TIF Improvement (326)
Chandler TIF Improvement (321)
Debt Service Transfers:
Walmart 11F Improvement (330)
Walmart TIF Improvement (330)
Capital Equipment (401)
Revolving Improvement Fund (509)
Revolving Improvement Fund (509)
Revolving Improvement Fund (509)
Revolving Improvement Fund (509)
Revolving Improvement Fund (509)
Revolving Improvement Fund (509)
Revolving Improvement Fund (509)
Revolving Improvement Fund (509)
Stomiwater Utility Fund (706)
Amount
$94,694
$86,300
$90,000
$251,610
$94,694
$60,000
$250, 000
$3,280
$3,280
$1,640
$317,363
$276,625
$61,235
$7,000
$55, 500
$18,000
$18,000
$18,000
$18,000
$9,000
$9,000
$85, 000
$1,828,221
To Fund
Community Center (601)
Severance Fund (901)
Capital Equipment (401)
Revolving Improvement Fund (509)
Building Imp. Fund (510)
2016 Street Improvement Fund (525)
General (101)
General (101)
General (101)
General (101)
2006 TIF Revenue Bond (335)
2007 TIF Revenue Bond (336)
Equipment Note Debt service (402)
Road Imp. Debt Service (365)
Road Imp. Debt Service (503)
Road Imp. Debt Service (512)
Road Imp. Debt Service (514)
Road Imp. Debt Service (516)
Road Imp. Debt Service (518)
Road Imp. Debt Service (522)
Road Imp. Debt Service (524)
Road Imp. Debt Service (503)
Adopted this 101 day of December, 2019.
erome O. Faust, Mayor
ATTEST: ' jiUl' "
Ni 1 Miller, Cit Clerk
Reviewed for Administration:
Mark Casey, City Man• _er