1f. Approve Transfers Resulting from 2008 Audit
CITY OF
CHANHASSEN
7700 Market Boulevard
PO Box 147
Chanhassen, MN 55317
Administration
Phone: 952.227.1100
Fax: 952.227.1110
Building Inspections
Phone: 952.227.1180
Fax: 952.227.1190
Engineering
Phone: 952.227.1160
Fax: 952.227.1170
Finance
Phone: 952.227.1140
Fax: 952.227.1110
Park & Recreation
Phone: 952.227.1120
Fax: 952.227.1110
Recreation Center
2310 Coulter Boulevard
Phone: 952.227.1400
Fax: 952.227.1404
Planning &
Natural Resources
Phone: 952.227.1130
Fax: 952.227.1110
Public Works
1591 Park Road
Phone: 952.227.1300
Fax: 952.227.1310
. Senior Center
Phone: 952.227.1125
Fax: 952.227.1110
Web Site
www.ci.chanhassen.mn.us
4i-
MEMORANDUM
TO:
Mayor & City Council Members
FROM:
t..s.
Greg Sticha, Finance Director
DATE:
June 22, 2009
SUBJ:
Approve 2008 Transfers
BACKGROUND
As part of the 2008 financial audit process, a few transfers need to be completed
as noted below:
1. The Municipal State Aid Fund (415) was created to account for MSA
funding dollars for street improvement projects. Since then, the Street
Pavement Management Fund has been created to account for annual
street maintenance (not street construction or re-construction projects).
This transfer will combine the two funds into one for the intended
purpose of street maintenance/pavement. The transfer amount is
$628,750.36.
2. As part of the construction of Highway 212, Highway 10 1 was also
improved. These costs were accounted for in the 212/101 gap fund
(463). Funding of a portion of the 212/101 gap project was to be
financed by the 212 State Improvement Loan (364). This transfer will
close fund 463 and move the remaining costs related to fund 364
($93,159.56) in order for them to be financed by the 212 State
Improvement Loan.
RECOMMENDATION
Staff recommends that the City Council adopt the attached resolution approving
the transfers as noted for 2008. Approval requires a simple majority vote of
those City Council members present.
ATTACHMENT
1. Resolution
F:\GregS\Council\2009\2009 fund tsf memo for 12-31-08.docx
Chanhassen is a Community for Life - Providing for Today and Planning for Tomorrow
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE:
June 22, 2009
RESOLUTION NO:
2009-
MOTION BY:
SECONDED BY:
RESOLUTION AUTHORIZING 2008 FUND TRANSFERS
WHEREAS, the city's auditors have finished the 2008 financial audit and made the following
recommended fund transfers in 2008.
NOW, THEREFORE, BE IT RESOLVED by the City Council ofChanhassen, Minnesota, as
follows:
1. Authorization; Findings. The City Council hereby authorizes the Finance Director to transfer the
following amounts as shown.
Transfer from:
415 Municipal State Aid Fund
364 212 State Loan Improvement
Transfer to:
420
463
Amount
$628,750.36
$93,159.56
Passed and adopted by the Chanhassen City Council this 22nd day of June 2009.
ATTEST:
Todd Gerhardt, City Manager
Thomas A. Furlong, Mayor
YES
NO
ABSENT