1F 2004 Fund Transfer Mod
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: 952227.1110
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
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MEMORANDUM
TO:
Todd Gerhardt, City Manager
FROM:
Justin Miller, Acting Finance Director'j' '^ ,Å{)
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February 1, 2005
DATE:
RE:
2004 Fund Transfer Modifications
BACKGROUND
On December 13, 2004 the City Council approved a series of fund transfers to
clean up and close out several funds. In preparing for the 2004 audit, it was
discovered that a typo was included in the approving resolution that incorrectly
moved funds from the special assessment projects fund (Fund 600) to the
Gateway TIF District (Fund 495). This was simply a formatting error, but the
auditors believe that an amendment to the resolution would be the best way to
clear up the error.
The correct action should have been to transfer $660,357.47 from the Historic
Preservation Trust (Fund 800) to Special Assessment Projects (Fund 600). The
attached resolution accounts for this correction.
RECOMMEND A TION
Staff recommends that the City Council approve the attached resolution correcting
the erroneous fund transfer previously approved. This action requires a majority
approval by the City Council.
The City of Chanhassen · A growing community with clean lakes, quality schools, a charming downtown, thriving businesses, winding trails, and beautiful parks, A great place to live, work, and play,
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE:
February 14. 2005
RESOLUTION NO: 2005-
MOTION BY:
SECONDED BY:
Resolution Amending 2004 Fund Transfers
A. WHEREAS, the City Council of the City of Chanhassen, Minnesota, has determined that it is
expedient to close several funds and transfer the balances to an appropriate fund in order to more
clearly show the financial condition of the city; and
B. WHEREAS, the Finance Director has listed those funds currently eligible to be closed and the
appropriate fund to receive the balances; and
C. WHEREAS, an error was made in the resolution approved on December 13, 2004; and
D. WHEREAS, this resolution remedies this error and replaces the transfer made from Fund 600 to
Fund 495 on December 13, 2004;
NOW, THEREFORE, BE IT RESOLVED by the City Council of Chanhassen, Minnesota, as follows:
1. Authorization; Findings. The City Council hereby authorizes the Finance Director to make the
following transfer of funds:
Transfer from:
800 Historic Preservation Trust
Transfer to:
600
Amount
$660,357.47
Passed and adopted by the Chanhassen City Council this 14th day of February 14,2005.
ATTEST:
Todd Gerhardt, City Manager
Thomas A. Furlong, Mayor
YES
NO
ABSENT