HomeMy WebLinkAbout22-113 - ADMIN Resolution - City Council - 2022/08/01Resolution No. 22-113
Resolution authorizing budget amendment and fund closure
Whereas, the council created a watermain reimbursement program for up to $4million
dollars; and
Whereas, it is recommended to transfer $1million of general fund balance for initial
program funding; and
Whereas, management has made programming changes and no longer needs a transfer
for $80,000 from the cable TV fund to the general fund; and
Now therefore be it resolved, by the St. Louis Park City Council:
Approval is hereby given to the finance director to remove the $80,000 transfer from cable TV
fund to general fund, and transfer $1million from the general fund to the insurance fund for the
watermain reimbursement program.
Transferring Fund Receiving Fund Amount
General Fund Insurance Fund $ 1,000,000
Reviewed for Administration: Adopted by the City Council August 1, 2022
Kim Keller, city manager
Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: BE917683-25E8-43C4-9511-BAC5C5AD7088