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Operating Transfers <br />General Fund <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. In 2020 the City <br />transferred $385,000 in excess fund balance to close out two construction funds and set funds aside <br />for future improvement projects based on the City fund balance policy of maintaining 50% of the next <br />year's operating budget as reserves. In 2023 only $20,000 for future improvement projects is being <br />budgeted. <br />BUDGET <br />OPMATINGTRANSFFRS <br />DEPARTMENT 4900 <br />ACC-T. <br /># ACCOUNT DESCRIPnON <br />2020 <br />ACTUAL <br />2021 <br />ACTUAL <br />12120/2022 <br />2022 <br />ADOPTED <br />11/30/22 <br />ACTUAL <br />1212012022 <br />2023 <br />ADOPTED <br />% <br />CHANGE <br />720 TRANSFERS OUT <br />2007 Capital Imrrmernent Bonds <br />$0 <br />$0 <br />$0 <br />$0 <br />$0 <br />0.00% <br />lin,nwemant Fund - 401 <br />Road Improvements <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />EAB TreatnentlPrevention <br />0 <br />0 <br />0 <br />0 <br />0 <br />0,00% <br />Building Imprwements/Replacenent <br />0 <br />0 <br />0 <br />0 <br />0 <br />0.00% <br />Future hrprovemenls <br />410,000 <br />25,000 <br />20,000 <br />20,000 <br />20,000 <br />0.00% <br />SidewaildRath along County Road E <br />0 <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 Hall 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 <br />410,000 <br />25,000 <br />20,000 <br />20,000 <br />20,000 <br />0.00% <br />28 <br />