HomeMy WebLinkAboutRES 22-085 AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDSCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 22-085
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 the proposed uses of American Rescue Plan Act funding have been previously
approved and have been finalized or estimated in amount for 2022 and are being
transferred for the 2022 Stormwater improvements and Public Safety Capital
project items below:
• Foss Road Ditch restoration
• Alley Stone Water improvement
• Harding Pond 2022 Estimated Restoration costs
• Fire Engine Chassis
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 Fund (101)
$86,300
Severance Fund (901)
General Fund (101)
$140.000
Capital Equipment (401)
Geneal Fund (101)
$152,000
Park Imp Fund (501)
General Fund (101)
$170,474
Community Center(601)
General Fund -ARPA Funds (101)
$300,921
Capital Equipment (401)
General Fund - ARPA Funds (101)
$102,151
2022 Street Improvement Fund (539)
General Fund -ARPA Funds (101)
$30,535
Stormuater Fund (706)
Community Center (601)
$105,474
Building Imp Fund (510)
Revoking Improvement Fund (509)
$90,000
Capital Equipment (401)
Liquor(705)
$275,000
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)
Stonnviater Fund (706)
$59,752
2021 Street Improvement Fund (535)
Public Utilities Capital Fund (450)
$8,320
2022 Street Improvement Fund Mg)
Debt Service Transfers:
Walmart TIF Improvement (330)
$333,813
2006 TIF Revenue Bond (335)
Walmart TIF Improvement (330)
$290,400
2007 TIF Revenue Bond (336)
Road Infrastructure Fund (509)
$3,083
2022A Street Imp Bond Fund (540)
Road Infrastructure Fund (509)
$4,988
2021A Street Imp Bond Fund (538)
2019 Street Imp fund (531)
$15,000
2019A Street Imp Bond Fund (532)
Capital Equipment (401)
$11,650
Equipment Note Debt service (402)
Closing Transfers:
Pratt I Apache Bond Imp. Fund (345)
$86,870
Debt Service fund prior to 200E (503)
Pratt I Apache Bond Imp. Fund (345)
$442,332
Road Infrestructure Fund (509)
2019 Street Improvement Fund (531)
$53,102
2019 Street Debt Service Fund (532)
2020 Street Improvement Fund (533)
$245,100
2020 Street Debt Service Fund (534)
$3,022,265
Adopted this 13`�' day of December, 2022.
ATTEST: 1.6
y Clerk
Reviewed for Administration:
Charlie Yunker, City Manager