HomeMy WebLinkAbout[04d] Transfers
Council Agenda Item 4d
MEETING DATE: May 7, 2018
AGENDA ITEM: Transfers
SUBMITTED BY: Finance
BOARD/COMMISSION/COMMITTEE RECOMMENDATION: None
PREVIOUS COUNCIL ACTION: None
BACKGROUND INFORMATION:
Operational transfers move funds from one fund to another. The first transfer presented is an annual
transfer of budgeted, but unused health insurance benefits to the retirement reserve account. The second
transfer is to reimburse the government center project for cable equipment upgrade using PEG access fees
as allowed by law. The last three transfers are annual transfers for debt payments and reimbursing the
general fund for enterprise services.
BUDGET/FISCAL IMPACT: $218,725.00 between funds
ATTACHMENTS: Request for Council Action – Transfers
REQUESTED COUNCIL ACTION: Authorize the operating, residual and due to/from transfers as
presented.
City of St. Joseph, Minnesota
Operating Transfers
Requested May 7, 2018 for Financial Year 2018
FundDescriptionAmount InAmount OutPurpose
Operating:
101General Fund5,000.00 Annual Transfer for retirement
601Water Fund500.00 reserve funding from amount not used
602Sewer Fund500.00 for employee insurance benefits
603Refuse Fund500.00
102Employee retirement reserve fund6,500.00
301 Government Center Bonds 36,000.00 Reimburse Gov Center project for cable
108 PEG Access Fees 36,000.00 access equipment updates from the
PEG Access franchise fees
200 Local Option Sales Tax 160,000.00 Transfer sales tax revenues committed
353 2015B GO Abatement Bonds 160,000.00 for 2015 community center abatement bonds
101General Fund 101-43120-36300 14,000.00 Annual Transfer for Street Sweeping costs
651Storm Water Fund 651-49900-302 14,000.00
101General Fund 101-43120-36300 2,225.00 Annual transfer for compost permits/old site pile
603Refuse Fund 603-43230-302 2,225.00(admin staff time/loader reimbursement)
218,725.00218,725.00