HomeMy WebLinkAbout[04f] Transfers-2015 Financial Year Council Agenda Item 4fl_
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MEETING DATE: August 17, 2015
AGENDA ITEM: Transfers—For 2015 Financial Year
SUBMITTED BY: Finance
BOARD/COMMISSION/COMMITTEE RECOMMENDATION: None
PREVIOUS COUNCIL ACTION: Council approved 2015 budget in December 2014.
BACKGROUND INFORMATION:
An operating transfer is requested to remove the tanker equipment reserve from the public works CIP
since the fire department will be using the piece of equipment much longer. The tank on the tanker was
replaced extending the useful life 10-20 years. The $7,000 reserves budgeted in public works can be
moved to the seal coating budget.
The other operating transfers are annual transfers to cover debt payments, reimburse staff time and fund
the employee retirement reserve. The annual transfers are included in the annual budget.
BUDGET/FISCAL IMPACT: $241,492.00 between funds
ATTACHMENTS: Request for Council Action—Transfers
Operating Transfers Summary
REQUESTED COUNCIL ACTION: Authorize the 2015 transfer as requested.
City of St.Joseph, Minnesota
Operating"i7irains feirs
Roquac„>4:od Au guass4:17.,2015 fc°it Financial Yoair 2015
Fund Description Amount Ir Amount Out Purpose
O�erating:
10:1;:;:;:General Fund ;.....................................................................................:;:;:61 430.00:;:;:Annual Transfer for retirement;: ...............................
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601 Water Fund 2,910.00 reserve funding from amount not used
602 Sewer Fund 2,825.00 for employee insurance benefits
603 Refuse Fund 750.00
651 Storm Water Fund 515.00
102 Employee retirement reserve fund 68,430.00
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502 Sac Fund 150,000.00 Annual transfer from SAC reserve to cover
602 Sewer Fund 150,000.00 St.Cloud PFA loan
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101 General Fund 101-43120-36300 14,000.00 Annual Transfer for Street Sweeping costs
651 Storm Water Fund 651-49900-302 14,000.00
101 General Fund 101-43120-36300 2,065.00 Annual transfer for compost permits/old site pile
603 Refuse Fund 603-43230-302 2,065.00 (admin staff time/loader reimbursement)
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101 General Fund 7,000.00 Move remaining tanker reserve into
.... .... .... .... .... ..... ..... .....
490 Capital Outlay Fund 7,000.00 the seal coating reserve.
241,495.00 241,495.00