HomeMy WebLinkAbout12-186 - ADMIN Resolution - City Council - 2012/12/17•
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RESOLUTION NO. 12-186
RESOLUTION AUTHORIZING FUND EQUITY TRANSFERS
AND OPERATING TRANSFERS
WHEREAS, the City of St. Louis Park has created various special purpose funds; and
WHEREAS, some of those funds rely on transfers from other funds for their continued
operation; and
WHEREAS, operating transfers may be required to reallocate amounts between funds;
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
$ 500,000
General Fund
Uninsured Loss Fund
$ 400,000
General Fund
Park & Recreation Fund
$ 225,000
General Fund
Employee Administration Fund
$ 35,000
2. Approval is hereby given to the Controller to make additional transfers between
funds in the amounts as shown.
Transferring Fund
Receiving Fund
Amount
Sewer Fund
Water Fund
$1,200,000
Permanent Improv Revolving
F(PIR)
Capital Replacement Fund
$ 300,000
HusiNg Rehabilitation Fund
Park Center TIF District
$ 500,000
Reviewed
dministration:
Adopte
y the City Council December 17, 2012
City M
Attest:
City Clerk
Mayor