HomeMy WebLinkAboutRES 20-087 AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDSCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 20-087
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)
2016 Street Improvement Fund (525)
General Fund (101)
Liquor (705)
Walmart TIF Improvement (330)
Cub TIF Improvement (326)
Chandler TIF Improvement (321)
Debt Service Transfers:
Walmart TIF Improvement (330)
Walmart TIF Improvement (330)
Capital Equipment (401)
Closing Transfers:
2016 Street Improvement Fund (525)
2018 Street Improvement Fund (529)
2016 Fire Truck Project Fund (411)
Amount To Fund
$96.588
$86,300
$90,000
$251,610
$60.000
$2,500
$250,000
$5.000
$5.000
$2.500
$327,712
$282,725
$21, 958
$12,670
$108,577
$47.142
$1,650,282
Community Center (601)
Severance Fund (901)
Capital Equipment (401)
Public Utilities CtP Fund (450)
Revolving Improvement Fund (509)
Recyling Fund (225)
General (101)
General (101)
General (101)
General (101)
2006 TIF Revenue Bond (335)
2007 TIF Revenue Bond (336)
Equipment Note Debt service (402)
2016 HS(P Debt Service Fund (536)
2018 Street Debt Service Fund (530)
Equipment Note Debt service (402)
Adopted this 8th day of December, 2020.
ATTEST: ��✓
Nicol Miller, City Clerk
Reviewed for Administration:
Randy Still
Charlie Yunker, Interim City Manager