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2025-27.docx1 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: April 14, 2025 RESOLUTION NO: 2025-27 MOTION BY: McDonald SECONDED BY: Kimber RESOLUTION APPROVING FUND TRANSFERS FOR FISCAL YEAR 2024 WHEREAS, the Chanhassen City Council adopted the fiscal year 2024 budget on December 11, 2023 which included several fund transfers; and WHEREAS, staff has identified additional transfers and changes to make; and WHEREAS, staff recommends the following transfers for the fiscal year 2024 as listed in the table below. Transfer from Fund Transfer to Fund Purpose Amount Grants Fund General Fund Budgeted - Public Safety Aid $300,000.00 Grants Fund General Fund ARPA Funds – Revenue Stabilization – previously approved by Council $1,407,105.51 Cable TV Fund General Fund Budget – Communications Expenses $30,000 Grants Fund Park Development Fund Budget – Lake Ann Park Preserve Project (2024 Expenses) $938,120.47 Total $2,675,225.98 BE IT RESOLVED, that the Chanhassen City Council approves the following transfers effective December 31, 2023. Transfer from Fund Transfer to Fund Purpose Amount Grants Fund General Fund Budgeted - Public Safety Aid $300,000.00 Grants Fund General Fund ARPA Funds – Revenue Stabilization – previously approved by Council $1,407,105.51 Cable TV Fund General Fund Budget – Communications Expenses $30,000 Grants Fund Park Development Fund Budget – Lake Ann Park Preserve Project (2024 Expenses) $938,120.47 Total $2,675,225.98 Docusign Envelope ID: D5610EC7-79D9-40F6-BB1C-E0404BB851B7 2 PASSED AND ADOPTED by the Chanhassen City Council this 14th day of April 2025. ATTEST: Jenny Potter, City Clerk Elise Ryan, Mayor YES NO ABSENT Ryan von Oven Kimber Schubert McDonald Docusign Envelope ID: D5610EC7-79D9-40F6-BB1C-E0404BB851B7