HomeMy WebLinkAbout07-160 - ADMIN Resolution - City Council - 2007/12/17RESOLUTION NO. 07-160
RESOLUTION AUTHORIZING FUND EQUITY TRANSFERS
AND FUND CLOSINGS FOR 2007
WHEREAS, the City of St. Louis Park has created various special purpose funds; and
WHEREAS, some of those funds rely on transfers from the General Fund for their
continued operaton; and
WHEREAS, some of those funds are no longer necessary to the operation of the city;
NOW, THEREFORE, BE IIT RESOLVED, by the St. Louis Park City Council:
1. That approval is hereby given to the Finance Director to transfer the following
sums of money from the General Fund to the designated funds as shown.
Transferring Fund
Receiving Fund
Amount
General Fund
Employee Flexible Benefits
$350,000
General Fund
Municipal Building Fund
$350,000
General Fund
Technology Replacement
$ 85,000
Louisiana Court Improvement
2000 GO Bond Fund D/S
Remaining Balance
2005A GO Bond Cap Proj
2005A Capital Projects Fund
Remaining Balance
2. Approval is hereby given to the Finance Director to close the following funds as
shown.
Name
Estimated
Balance as of
12/31/06
1999 GO Improvement Cap Proj
$0
Hutchinson Trail Construction
$0
2003 GO Improvement Cap Proj
$0
Louisiana Court Improvement
$1,064
2005A GO Bond Cap Proj
$481,628
Administration:
City
Attest:
Adop by the City Cg ncil December 17, 2007