HomeMy WebLinkAbout14-183 - ADMIN Resolution - City Council - 2014/12/15•
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RESOLUTION NO. 14-183
RESOLUTION AUTHORIZING FUND EQUITY TRANSFER, 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 other funds 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 sum of money
from the General Fund to the Capital Replacement Fund as shown.
Transferring Fund
Receiving Fund
Amount
General Fund
Capital Replacement Fund
$ 1,050,000
2. Approval is hereby given to the Controller to make additional transfers between
funds in the amounts as shown.
Transferring Fund
Receiving Fund
Amount
Permanent Improvement
Revolving Fund (PIR)
Capital Replacement Fund
$ 450,000
Park Center TIF District
Housing Rehabilitation Fund
$ 110,000
Development Fund
Hwy 7 Corporate Center TIF
District
$ 47,356
1999, 2003, & 2010B Debt
Service Funds
Housing Rehabilitation Fund
$ 227,039
3. Approval is hereby given to the Controller to close the following funds as shown.
Review -d 1`\. r • dmimstration:
City Ma g V
Fund Number
Name
2000
Park & Recreation Fund
3400
1999 GO Improvement Debt Service
3450
2003 GO Improvement Debt Service
3470
2010B GO Refunding Debt Service
Attest:
CitClerk
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Ado by the City Council December 15, 2014
Mayor