HomeMy WebLinkAbout18-12-48 RESOLUTION 18-12-48
CITY OF OAK PARK HEIGHTS
WASHINGTON COUNTY, MINNESOTA
A RESOLUTION APPROVING INTERFUND TRANSFERS AND FUND
DESIGNATIONS
WHEREAS, The City Council adopted the 2018 budget for calendar year on
December 13, 2017; and,
WHEREAS, The 2017 Annual Financial Report had a favorable fund balance of
unassigned funds of $608,270; and
WHEREAS, the City Council for the City of Oak Park Heights has determined that
funds from the General Fund should be allocated in accordance with the Fund Balance
Policy as adopted by the Council;
NOW, THEREFORE, BE IT RESOLVED, by the City Council for the City of Oak
Park Heights to approve the following transfers and designations of the 2017 unassigned
fund balance.
ALLOCATION OF THE 2017 FUND BALANCE
12/31/2018
FUND FUNDTO AMOUNT
TRANSFER OUT-2017 FUND BALANCE ALLOCATION
ALLOCATION TO THE 2019 BUDGET $ 203,666.00
TRANSFER TO CAPITAL BOND 2009-CALLED AND RETIRED 101 527 $ 136,949.26
TRANSFER TO BUDGET PROJECTS-TRAVEL BUDGET RESERVE 101 401 $ 4,000.00
TRANSFER TO STREET RECONSTRUCTION- UNFUNDED STREET 101 565 $ 150,000.00
AND, THEREFORE BE IT FURTHER RESOLVED, by the City Council for the City
of Oak Park Heights to approve the following 2018 unbudgeted transfers
UNBUDGETED TRANSFERS AND FUND CLOSING
TRANSFER AND CLOSE FUNDS
TRANSFER AAE SANITARY SEWER CONNECTIONS
TO RENEWAL AND REPLACMENT 771 710 $ 594,300.00 EST
TRANSFER AAE WATERWORKS CONNECTIONS
TO RENEWAL AND REPLACMENT 772 710 $ 727,000.00 EST
TRANSFER AAE STORM SEWER CONNECTIONS TO
STORM SEWER RENEWAL AND REPLACEMENT 773 712 $ 1,050,500.00 EST
Passed by the City Council for the City of Oak Park Heights this 11th day of
December, 2018. >
Attest: Mary McCamber, Mayor
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