1h 2005 Year End Fund Transfers & Closings
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
MEMORANDUM
TO:
FROM:
DATE:
SUBJ:
BACKGROUND
Mayor
City Council Members
Greg Sticha, Finance Director
June 12, 2006
Approve 2005 Year End Transfers and Fund Closings
As part of the 2005 audit process, two funds are being recommended for closure.
The attached resolution will transfer money into Funds 499 (TIP #9 VOP
Apartments) & 500 (101 Gap) to eliminate deficit balances. Fund 499 no longer
has activity in it and Fund 500 was set up twice and In addition we
are making a budgeted and planned transfer of MSA funds from the
MSA fund to the Pavement Management Fund
Staff
and close the
those present
1. Resolution.
The City of Chanhassen . A growing community with clean lakes, quality schools, a channing 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:
.June 12.2006
RESOLUTION NO:
2006-
MOTION BY:
SECONDED BY:
RESOLUTION AUTHORIZING 2005 FUND TRANSFERS
WHEREAS, the City Council of the City of Chanhassen, Minnesota, has determined that it is
expedient to close and transfer the following balances to an appropriate fund in order to more clearly
show the financial condition of the city; and
WHEREAS, Fund 499 (TIF#9 VOP Apartments) and Fund 500 (101 Gap) are to be closed as of
December 31, 2005 and the appropriate fund to receive the balances as listed below; and
WHEREAS, Fund 420 (Pavement Management) have transferred the amount listed below for
sea1coating purposes, MSA funds from Fund 415 (MSA);
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 close the
following funds and transfer the balances as shown.
Transfer from:
800 Historic Preservation Trust Fund
463 212/101 Gap
415 MSA
Transfer to:
499
500
420
Amount
525.00
7,117.00
223,000.00
Passed and adopted by the Chanhassen City Council this 12th day of June, 2006.
ATTEST:
Todd Gerhardt, City Manager
Thomas A. Furlong, Mayor
YES
NO
ABSENT