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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br />RESOLUTION 23-072 <br />A RESOLUTION AUTHORIZING TRANSFERS AND CLOSING OF SPECIFIED FUNDS <br />WHEREAS, each year staff budgets certain operating and debt service transfers between <br />funds; 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 the proposed uses of American Rescue Plan Act funding have been previously <br />approved and have been finalized or estimated in amount for 2023 and are being <br />transferred for the 2023 Stormwater improvements and Public Safety Capital <br />project items below: <br />• Harding Pond 2023 Final Estimated Restoration costs <br />• Fire Engine and Police Vehicle <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 <br />a capital project fund reserved for public projects and if a deficit exist, funding <br />must be provided. <br />NOW THEREFORE BE IT RESOLVED, that the City Council of the City of St. Anthony here <br />approves the transfer of any funds noted, but subject to closing adjustments as needed: <br />From Fund <br />Amount <br />To Fund <br />Capital and Operating Transfers: <br />General Fund (101) <br />S86,300 <br />Severance Fund(901) <br />General Fund (101) <br />$60,000 <br />Park Imp Fund (501) <br />General Fund (101) <br />5165,950 <br />Community Center (601) <br />General Fund - ARPA Funds (101) <br />$499,517 <br />Capital Equipment (401) <br />General Fund - ARPA Funds (101) <br />5154,000 <br />Stormvater Fund (706) <br />Community Center (601) <br />S120,000 <br />Building Imp Fund (510) <br />Revoking Improvement Fund (509) <br />S90,000 <br />Capital Equipment (401) <br />Liquor (705) <br />S275,000 <br />General (101) <br />Walmart TIF Improvement (330) <br />S6,000 <br />General (101) <br />Cub TIF Improvement (326) <br />S6,000 <br />General (101) <br />Chandler TIF Improvement (321) <br />S3,000 <br />General (101) <br />Debt Service Transfers: <br />Walmart TIF Improvement (330) <br />S338,613 <br />2006 TIF Revenue Bond (335) <br />Vlaimart TIF Improvement (330) <br />S292,800 <br />2007 TIF Revenue Bond (336) <br />Capital Equipment (401) <br />S63,325 <br />Equipment Note Debt service (402) <br />Road Infrastructure Fund (509) <br />55,000 <br />2010A Street Imp Bond Fund (514) <br />Road Infrastructure Fund (509) <br />S51,000 <br />Sheet Imp. Debt Service (365) <br />Building Improvement Fund (510) <br />S7,500 <br />Street Imp. Debt Service (311) <br />Closing Transfers: <br />Road Infrastructure Fund (503) 515,000 Road Infrastructure Fund (509) <br />Road Infrastructure Fund (535) 5232.350 Road Infrastructure Fund (538) <br />$2,471,355 <br />