HomeMy WebLinkAbout15-198 - ADMIN Resolution - City Council - 2015/12/21RESOLUTION NO. 15-198
RESOLUTION AUTHORIZING FUND EQUITY TRANSFERS AND OPERATING
TRANSFER
WHEREAS, the City of St. Louis Park has created vanous special purpose funds; and
WHEREAS, some of those funds rely on transfers from other funds for their continued
operation;
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 Housing Rehabilitation Fund, Pavement Management
Fund, and Capital Replacement Fund as shown.
Transferring Fund
Receiving Fund
Amount
General Fund
Housing Rehabilitation Fund
$ 1,000,000
General Fund
Pavement Management Fund
750,000
General Fund
Capital Replacement Fund
250,000
2. Approval is hereby given to the Controller to make an additional transfer between
funds in the amount as shown.
Transferring Fund
Receiving Fund
Amount
Per`anent Improvement
Revolving Fund (PIR)
Capital Replacement Fund
$ 400,000
1
Revi: ed for dministration:
Attest:
\AVit)6AU-P
City Clerk
Adopted by the City Council December 21, 2015