HomeMy WebLinkAbout10-155 - ADMIN Resolution - City Council - 2010/12/20•
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RESOLUTION NO. 10-155
RESOLUTION AUTHORIZING FUND EQUITY TRANSFERS
AND FUND CLOSINGS
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 operation; and
WHEREAS, certain funds are no longer necessary to the operation of the city;
NOW, THEREFORE, BE IT RESOLVED, by the St. Louis Park City Council:
1. Approval is hereby given to the Controller to transfer the following sums of money
from the General Fund to the designated funds as shown.
Transferring Fund
Receiving Fund
Amount
General Fund
Park Improvement Fund
$ 550,000
General Fund
Capital Replacement Fund
$ 250,000
General Fund
Employee Flexible Spending
$ 1,000,000
2. Approval is hereby given to the Controller to close the following funds as shown.
Fund Number
Name
3450
2003A GO Bonds
Revie ed or Administration:
Adopt$ -b_ the Cit Council December 20, 2010
(
City
' Attest:
City Clerk
Mayor