HomeMy WebLinkAboutRes 25-081 Authorizing Transfers And Closing Of Specified FundsCITY OF SAINT ANTHONY VILLAGE
RESOLUTION 25-081
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 City of Saint Anthony
Village, Minnesota approves the transfer of any funds noted, but subject to closing adjustments
as needed:
From Fund
Capital and Operating Transfers:
General Fund (101)
General Fund (101)
General Fund (101)
Community Center (601)
Utilities Fund (701)
Infrastructure Improvement Fund (509)
Liquor(705)
Liquor(705)
Walmart TIF Improvement (330)
Lowry Grove TIF Improvement (370)
Walmart TIF Improvement (330)
Utilities Infrastructure (450)
Infrastructure Improvement Fund (509)
Stormwater Utility Fund (706)
Debt Service Transfers:
Walmart TIF Improvement (330)
Walmart TIF Improvement (330)
Capital Equipment (401)
Amount To Fund
$86,300
Severance Fund (901)
$301,621
Building Imp Fund (510)
$185,000
Community Center fund (601)
$135,000
Building Imp Fund (510)
$250,000
Utilities Infrastructure (450)
$90,000
Capital Equipment (401)
$44,930
Building Imp Fund (510)
$300,000
General (101)
$6,000
General (101)
$3,500
General (101)
$525,000
2025 Street project participation (543)
$361,256
2025 Street project participation (543)
$122,271
2025 Street project participation (543)
$161,286
2025 Street project participation (543)
$342,163 2006 TIF Revenue Bond (335)
$303,045 2007 TIF Revenue Bond (336)
$65,700 Equipment Note Debt service (402)
$3,283,072
Approved this 9th day of December, 2025.
Wendy Web er, Mayor
ATTEST:
Nicole DeDeyn, (Z�# Clerk
Review for Administration:
Charlie Yunker, City Manager