1h. Resolution Authorizing 2009 Fund Transfers
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
1-k
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MEMORANDUM
TO:
Mayor & City Council Members
Greg Sticha, Finance Director & S.
April 26, 2010 CJ ~ '
Approve 2009 Transfers
FROM:
DA TE:
SUBJ:
PROPOSED MOTION:
The City Council approves the Resolution Authorizing 2009 Fund Transfers in
the total amount of $211,314 to the Revolving Assessment Construction Fund.
Approval requires a simple majority vote of the City Council.
BACKGROUND
As part of the 2009 financial audit process, we have identified three debt service
funds that can be closed. The final bond payments have been made in all three
funds and the residual proceeds no longer have any statutory requirement to be
used for debt service.
In the past several years, it has been our practice to close any residual funds
from debt service funds to the Revolving Assessment Construction fund. The
resolution before you tonight transfers the remaining dollars in each of the
following debt service funds to the Revolving Assessment Construction Fund:
1. $161,944 from the 1999 A GO Improvement Bond Fund
2. $22,747 from the 2001B GO Improvement Bond Fund
3. $26,623 from the 2003A GO Equipment Certificate Fund
The transfers total $211,314 to the Revolving Assessment Construction Fund.
RECOMMENDA TION
Staff recommends that the City Council adopt the attached resolution approving
the transfers as noted above. Approval requires a simple majority vote of those
City Council members present.
ATTACHMENT
1. Resolution
F:\GregS\Council\2010\201O fund tsf memo for 12-31-09.docx
Chanhassen is a Community for life. Providing for Today and Planning for Tomorrow
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE:
April 26 . 2010
RESOLUTION NO:
2010-
MOTION BY:
SECONDED BY:
RESOLUTION AUTHORIZING 2009 FUND TRANSFERS
WHEREAS, the city's auditors have begun work on the 2009 Financial Audit and three funds
have been identified for closing.
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:
351 1999A GO Improvement Bonds
354 200lE GO Improvement Bonds
358 2003A GO Equipment Certificates
Transfer to:
601
601
601
Amount
$161,944
$22,747
$26,623
Passed and adopted by the Chanhassen City Council this 26th day of April, 2010.
ATTEST:
Todd Gerhardt, City Manager
Thomas A. Furlong, Mayor
YES
NO
ABSENT