HomeMy WebLinkAboutRES 24-090 AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDSCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
RESOLUTION 24-090
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 Fund (101)
$86,300
Severance Fund (901)
General Fund (101)
$222,036'
Capital Fund (401)
General Fund (101)
$262,189
Park Imp Fund (501),
General Fund (101)
$235,000
Building Fund (601)
Community Center (601)
$135,000
Building Imp Fund (510)
Infrastructure 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)
$6,0 0
General (101)
Chandler TIF Improvement (321)
$3,000
General (101)
Debt Service Transfers:
Walmart TIF Improvement (330)
$342,163
2006 TIF Revenue Bond (335)
Walmart TIF Improvement (330)
$294,900
2007 TIF Revenue Bond (336)
Capital Equipment (401)
$67,500
Equipment Note Debt service (402)
Road Infrastructure Fund (539)
$249,000
Debt Service Fund (540)
Building Improvement Fund (510)
$8,328
Street Imp. Debt Service (311)
Closing Transfers:
$2,282,416
Adopted this 101' day of December, 2024.
Wendy Webster, Mayor
ATTEST:
Cit Clerk
Reviewed for Administration:
Charlie Yunker, City Manager