HomeMy WebLinkAbout11-135 - ADMIN Resolution - City Council - 2011/12/19RESOLUTION NO. 11-135
RESOLUTION AUTHORIZING FUND EQUITY TRANSFERS,
OPERATING 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, operating transfers may be required to reallocate amounts between funds; 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
Benefits Administration Fund
$ 850,000
General Fund
Park & Recreation Fund
$ 50,000
2. Approval is hereby given to the Controller to transfer the following amount of
property tax revenue from the Pavement Management Fund to the Capital
Replacement Fund.
Transferring Fund
Receiving Fund
Amount
Pavement Management Fund
Capital Replacement Fund
$ 100,000
3. Approval is hereby given to the Controller to close the following funds as shown.
Fund Number
Name
3400
1999 GO Bonds
3610
2000A Louisiana Court Bonds
3835
2009A GOTI Refunding Bonds*
3880
2006-07 Hoigaard Village TIF Notes*
4855
Trunk Highway 7 TIF District*
Attest:
Adopt 4 by the City Council December 19, 2011
Mayor