HomeMy WebLinkAboutRES 21-088 AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDS.CITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 21-088
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 Amount To Fund
Capital and Operating Transfers:
General Annual Rent (101)
$100,451
Community Center (601)
General Fund (101)
$86,300
Severance Fund (901)
General Fund (101)
$125,000
Capital Equipment (401)
General Fund (101)
$25,000
Building Imp Fund (510)
General Fund (101)
$134,694
Building Imp Fund (510)
General Fund (101)
$83,151
Community Center (601)
Community Center (601)
$60,000
Building Imp Fund (510)
Revolving Improvement Fund (509)
$90,000
Capital Equipment (401)
Liquor (705)
$250,000
General (101)
Walmart TIF Improvement (330)
$6,000
General (101)
Cub TIF Improvement (326)
$6,000
General (101)
Chandler TIF Improvement (321)
$3,000
General (101)
Debt Service Transfers:
Waimart TIF Improvement (330)
$322,813
2006 TIF Revenue Bond (335)
Walmart TIF Improvement (330)
$283,675
2007 TIF Revenue Bond (336)
Capital Equipment (401)
$67,450
Equipment Note Debt service (402)
Re,.vMng Improvement Fund (509)
$35,000
2009A Street Imp Bond Fund (512)
Re%oMng Improvement Fund (509)
$41,728
2010A Street Imp Bond Fund (514)
Revolving Improvement Fund (509)
$50,000
Pre-2008 Street Imp Bond fund (503)
Revolving Improvement Fund (509)
$30.000
201 fA Street Imp Bond Fund (514)
Closing Transfers:
Recyling Fund (225)
$1,510
General Fund (101)
Fire Educator I Training Fund (240)
$5,390
General Fund (101)
$1,807,162
Adopted this 14`h day of December, 2021. A *
Randy S W,
ayo
ATTEST: �✓
CVClerk
Reviewed for Administration:
Charlie Yunker, City Manager