HomeMy WebLinkAbout21-127 - ADMIN Resolution - City Council - 2021/10/18Resolution No. 21-127
Resolution authorizing budget amendment,
fund creation, and fund closure
Whereas, the City of St. Louis Park has created various special purpose funds; and
Whereas, the council wishes to open the Climate Investment Fund to track revenue and
expenditures for our climate action programs; and
Whereas, it is recommended the HRA levy fund be closed effective 1 -1-22; 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 open the Climate Investment Fund,
close the HRA levy fund effective 12-31-21, transfer the following sums of money, and amend
the corresponding budget as of the year ending December 31, 2021 from the General Fund to
the Insurance Fund, Capital Replacement Fund, Pavement Management Fund, Employee
Benefit Fund, Sidewalk and Trail Fund and Climate Investment Fund as shown. All effective 10-
18-21 unless otherwise stated.
Transferring Fund Receiving Fund Amount
General Fund Insurance Fund $ 250,000
General Fund Capital Replacement Fund $ 500,000
General Fund Pavement Management Fund $ 1,500,000
General Fund Employee Benefit Fund $ 250,000
General Fund Sidewalk and Trail Fund $ 1,450,000
General Fund Climate Investment Fund $ 500,000
Reviewed for Administration: Adopted by the City Council October 18, 2021
Kim Keller, city manager
Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: C6A644CB-1469-44D4-A3A9-212FC94322A2