90-40
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City of Chanhassen
Carver and Hennepin Counties, Minnesota
DATE:
April 9. 1990
RESOLUTION NO:
90-40
MOTION BY:
Dimler
Johnson
SECONDED BY:
A RESOLUTION APPROVING YEAR END TRANSFERS AND CLOSINGS
WHEREAS, City staff has completed a year end review of the
financial records of the City of Chanhassen and have prepared the
attached Exhibit A of the proposed fund closings, transfers, budget
adjustments, etc. - all being completed so as to conform with
recognized financial standards; and
WHEREAS, the City Council has reviewed the attached exhibit
and finds that such conforms to the general policies of the City.
NOW, THEREFORE, BE IT RESOLVED by the Chanhassen City Council
that the attached Exhibit A is hereby approved by the Chanhassen
City Council.
Passed and adopted by the Chanhassen City Council this 9th
day of April, 1990.
ATTEST:
Don
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Ashworth, 1ty Clerk/Manager
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Donald J Chmiel, Mayor
YES
NO
ABSENT
Chmiel
Johnson
Bovt
Workman
Dimler
None
None
.,
;
.
EXHIBIT A
1989 FUND CLOSINGS AND TRANSFERS
ADDroximate Balance
Fund To Close
Transfer To
12.50
472 Downtown Maintenance 101 General Fund
Continued Funding did not occur
5,500.00
902 Anderson Clean-Up 460 HRA
Project Completed
.00
903 Hilloway Corp. - Refunded
Shadowmere
Project Completed
-1,600.00
627 Lake Lucy Road/ 402 Water Expansion
Trunk Watermain
Project Completed
-5,400.00
638 87-5 Church Road Sewer 401 Sewer Expansion
Project Completed
1989 TRANSFERS
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Amount
Transfer To
Transfer From
50,550.00
516 Bonds of 1986 401 Sewer Expansion
660,520.00
309 TID Bonds of 1983 460 HRA
338,038.00
315 TID Bonds of 1987 460 HRA
135,784.00
318 TID Bonds of 1988 460 HRA
190,000.00
513 G.O. Bonds of 1983 460 HRA
39,721.49
627 Lk Lucy Road/ 415 MSA
Trunk Watermain
Because of time delays associated with our Audit process this year (primarily
due to engaging new audit firm) the amounts stated above are approximated
cash balances based an latest known figures. No significant changes in
these amounts are anticipated. Naturally, any other assets or liabilities
of the funds would also be transferred to the designated "Transfer To" fund.
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