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2023-341 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: April 24, 2023 RESOLUTION NO: 2023-34 MOTION BY: McDonald SECONDED BY: Kimber RESOLUTION APPROVING FUND TRANSFERS AND BUDGET AMENDMENTS FOR FISCAL YEAR 2022 WHEREAS, the Chanhassen City Council has reviewed a staff recommendation to approve the transfers for the fiscal year 2022 as listed in the table below; and Transfer from Fund Transfer to Fund Purpose Amount General Fund Park Renovation Fund Budgeted Park Replacement $250,000.00 Grants Fund General Fund Use of ARPA Funds 160,000.00 Lyman Blvd Improvements Fund Pavement Management Fund Close-out Fund 133,451.41 Transit Station Assessments Fund Pavement Management Fund Close-out Fund 98,923.69 WHEREAS, the Chanhassen City Council adopted budgets for fiscal year 2022 on December 13, 2021, via Resolution 2021-78 that included budgets for the following internal service funds as shown in the table below; and Internal Service Fund 2022 Estimated Revenues 2022 Budgeted Expenditures Fleet $607,200 $552,000 Technology 989,375 1,041,250 Facilities Operations 192,500 175,000 Risk Management 302,500 275,000 Total Internal Service Funds $2,091,575 $2,043,250 WHEREAS, after consideration, staff decided not to use internal service fund accounting and recommends the City Council eliminate the budgets for these internal service funds. NOW, THEREFORE, BE IT HEREBY RESOLVED that the Chanhassen City Council approves the following transfers effective December 31, 2022: Transfer from Fund Transfer to Fund Purpose Amount General Fund Park Renovation Fund Budgeted Park Replacement $250,000.00 Grants Fund General Fund Use of ARPA Funds 160,000.00 Lyman Blvd Improvements Fund Pavement Management Fund Close-out Fund 133,451.41 Transit Station Assessments Fund Pavement Management Fund Close-out Fund 98,923.69 DocuSign Envelope ID: 71478420-9E6F-4663-824F-BB47F8DE1CB0 2 BE IT FURTHER RESOLVED, that the Chanhassen City Council approves eliminating the fiscal year 2022 internal service fund budgets. Internal Service Fund 2022 Estimated Revenues 2022 Budgeted Expenditures Fleet $0 $0 Technology 0 0 Facilities Operations 0 0 Risk Management 0 0 Total Internal Service Funds $0 $0 PASSED AND ADOPTED by the Chanhassen City Council this 24th day of April 2023. ATTEST: Kim Meuwissen, City Clerk Elise Ryan, Mayor YES NO ABSENT Ryan McDonald Schubert von Oven Kimber DocuSign Envelope ID: 71478420-9E6F-4663-824F-BB47F8DE1CB0