HomeMy WebLinkAbout19-051 - ADMIN Resolution - City Council - 2019/05/06Resolution No. 19-051
Resolution authorizing fund equity 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, specific one-time expenditures require resources from other funds;
Now therefore be it resolved, by the St. Louis Park City Council:
Approval is hereby given to the Chief Financial Officer to transfer the following sums of money
as of the year ending December 31, 2018 from the General Fund to the 2019A Debt Service
Fund, Pavement Management Fund, Employee Administration Fund, Uninsured Loss Fund and
Permanent Improvement Revolving Fund as shown.
Transferring Fund Receiving Fund Amount
General Fund 2019A Debt Service Fund $ 380,000
General Fund Pavement Management Fund $ 275,000
General Fund Employee Benefits Fund $ 100,000
General Fund Uninsured Loss Fund $ 100,000
General Fund Permanent Improvement Revolving Fund $ 185,000
Reviewed for Administration: Adopted by the City Council May 6, 2019
Thomas K. Harmening, City Manager
Jake Spano, Mayor
Attest:
Melissa Kennedy, City Clerk
DocuSign Envelope ID: 28CE1EA8-0F03-4BDE-B8A3-E343204D4E0E