HomeMy WebLinkAboutRES 23-072 AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDSCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 23-072
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 2023 and are being
transferred for the 2023 Stormwater improvements and Public Safety Capital
project items below:
• Harding Pond 2023 Final Estimated Restoration costs
• Fire Engine and Police Vehicle
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)
S86,300
Severance Fund(901)
General Fund (101)
$60,000
Park Imp Fund (501)
General Fund (101)
5165,950
Community Center (601)
General Fund - ARPA Funds (101)
$499,517
Capital Equipment (401)
General Fund - ARPA Funds (101)
5154,000
Stormvater Fund (706)
Community Center (601)
S120,000
Building Imp Fund (510)
Revoking Improvement Fund (509)
S90,000
Capital Equipment (401)
Liquor (705)
S275,000
General (101)
Walmart TIF Improvement (330)
S6,000
General (101)
Cub TIF Improvement (326)
S6,000
General (101)
Chandler TIF Improvement (321)
S3,000
General (101)
Debt Service Transfers:
Walmart TIF Improvement (330)
S338,613
2006 TIF Revenue Bond (335)
Vlaimart TIF Improvement (330)
S292,800
2007 TIF Revenue Bond (336)
Capital Equipment (401)
S63,325
Equipment Note Debt service (402)
Road Infrastructure Fund (509)
55,000
2010A Street Imp Bond Fund (514)
Road Infrastructure Fund (509)
S51,000
Sheet Imp. Debt Service (365)
Building Improvement Fund (510)
S7,500
Street Imp. Debt Service (311)
Closing Transfers:
Road Infrastructure Fund (503) 515,000 Road Infrastructure Fund (509)
Road Infrastructure Fund (535) 5232.350 Road Infrastructure Fund (538)
$2,471,355
Adopted this 12L' day of December, 2023.
ATTEST
ty Clerk
Reviewed for Administration:
Charlie Yunker, City Manager