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CITY OF SAINT ANTHONY VILLAGE <br />RESOLUTION 25-081 <br />A RESOLUTION AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED <br />FUNDS <br />WHEREAS, each year staff budgets certain operating and debt service transfers between funds; <br />and <br />WHEREAS, each year, staff evaluates existing funds and identifies those funds in which all <br />activity has concluded and obligations have been satisfied; and <br />WHEREAS, Capital Projects should be closed when all activity has concluded; any residual <br />money and all assets should be transferred to the associated debt service fund or a <br />capital project fund reserved for public projects and if a deficit exist, funding must <br />be provided. <br />NOW THEREFORE BE IT RESOLVED that the City Council of City of Saint Anthony <br />Village, Minnesota approves the transfer of any funds noted, but subject to closing adjustments <br />as needed: <br />From Fund <br />Capital and Operating Transfers: <br />General Fund (101) <br />General Fund (101) <br />General Fund (101) <br />Community Center (601) <br />Utilities Fund (701) <br />Infrastructure Improvement Fund (509) <br />Liquor(705) <br />Liquor(705) <br />Walmart TIF Improvement (330) <br />Lowry Grove TIF Improvement (370) <br />Walmart TIF Improvement (330) <br />Utilities Infrastructure (450) <br />Infrastructure Improvement Fund (509) <br />Stormwater Utility Fund (706) <br />Debt Service Transfers: <br />Walmart TIF Improvement (330) <br />Walmart TIF Improvement (330) <br />Capital Equipment (401) <br />Amount To Fund <br />$86,300 <br />Severance Fund (901) <br />$301,621 <br />Building Imp Fund (510) <br />$185,000 <br />Community Center fund (601) <br />$135,000 <br />Building Imp Fund (510) <br />$250,000 <br />Utilities Infrastructure (450) <br />$90,000 <br />Capital Equipment (401) <br />$44,930 <br />Building Imp Fund (510) <br />$300,000 <br />General (101) <br />$6,000 <br />General (101) <br />$3,500 <br />General (101) <br />$525,000 <br />2025 Street project participation (543) <br />$361,256 <br />2025 Street project participation (543) <br />$122,271 <br />2025 Street project participation (543) <br />$161,286 <br />2025 Street project participation (543) <br />$342,163 2006 TIF Revenue Bond (335) <br />$303,045 2007 TIF Revenue Bond (336) <br />$65,700 Equipment Note Debt service (402) <br />$3,283,072 <br />