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Operating Transfers <br />General Fund <br />ACTIVITY DESCRIPTION: <br />This department provides funds that will be moved to other City funds to finance other City projects or <br />activities. <br />GOALS: <br />1. Finance other future City projects with as little tax impact as possible on City property taxes. <br />BUDGET COMMENTARY: <br />In the past, the City transferred funds to finance future road improvements and the possible treatment <br />and prevention of the Emerald Ash Bore (EAB) and other unidentified projects. The transfer in 2019 <br />was for the City's share of future improvement projects. In 2020 the City transferred $385,000 in <br />excess fund balance to close out to construction funds and set funds aside for future improvement <br />projects based on the City fund balance policy of maintaining 50% of the next year's operating budget <br />as reserves. In 2022 only $20,000 for future improvement projects is being budgeted. <br />BUDGET: <br />OPERATING TRANSFERS <br />DEPARTMENT 4900 <br />11117121121) <br />12N412021 <br />ACCT. <br />2019 <br />2020 <br />2021 <br />11/30121 <br />2022 <br />% <br /># AOCOt1NT DESCRPTRNJ <br />ACTUAL <br />ACTUAL <br />ADOPT® <br />ACTUAL <br />ADOPTED <br />CHANGE <br />720 TRANSFERS Our <br />2007 Capital kprovemanl Bonds <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />0.OD% <br />Improvement Fund -401 <br />Road Inprovements <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />EAB Treatrent/Prevention <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />Building "rovementslReplsce rent <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />Future Improvements <br />20,000 <br />410,000 <br />25,000 <br />25,000 <br />20,000 <br />-20,00% <br />Skew a1k/Pz1h along County Road E <br />30,250 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />Annexation Reserve Account <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />City Flat Construction Fund - 402 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0,00% <br />Sewer Fund -601 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />TOTAL OPERATING TRANSFERS 50,250 410,000 25,000 25,000 20,000-20,00% <br />28 <br />