HomeMy WebLinkAbout13-174 - ADMIN Resolution - City Council - 2013/12/16•
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RESOLUTION NO. 13-174
RESOLUTION AUTHORIZING FUND EQUITY TRANSFER
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 sum of money
from the General Fund to the Community Development Block Grant Fund (CDBG)
as shown.
Transferring Fund
Receiving Fund
Amount
General Fund
Comm Devel Block Grant (CDBG)
$ 60,000
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 Improv Revolving
Fund (PIR)
Capital Replacement Fund
$ 450,000
PA%enter TIF District
Housing Rehabilitation Fund
$ 500,000
Reviewed
dministration:
Ado
he Cit Council December 16, 2013
City
Attest:
City Clerk
Mayor