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CITY OF GEM LAKE, MN 4200 Otter Lake Road Gem Lake,. Minnesota. 551.1.0 RESOLUTION NO.2018-39 18 DECEMBER 2018 A RESOLUTION APPROVING THE TRANSFER OF CERTAIN FUNDS WHEREAS; the City's. 2018 budget included an operating transfer to finance future improvement projects; and. WHEREAS, the City has two Bond Funds in which the debt is retired and no longer needed NOW., THEREFORE BE IT RESOLVED; that the. City Council of the City of Gem. Lake does formally approve the following transfer of funds: _.-....._. ........-- 2018 Operating Transfers ................. ...............................................- .......-...-.......-......... ...._...-. TRANSFER` TRANSFER ........ ............... . FUND # FUND NAME IN FUNS] # FUND NAME OUT 40V Improvement Fund 20,000.00` 100 General Fund _ :..-...-p........ - ..._.............. ...... ........ ............................... _ ......... .................... ..................--........ . 401. Im ravement Fund 11,724.96: 302'2004 Debt Service Fund 20,000.00' 11,724.96.. 491Improvement Fund........... 49,299.00, 303.2006 be bt Se rvice Fund 49 299.30 �. .. . ................................. . ...................... :Total ........... W23.96 Jota(_..................................... .._......................:.. .............. .........:... 8102.4..26 ,.......... The foregoing Resolution was offered. by Councilor and was supported by Councilor and was declared adopted based upon the following vote: NAME UZPEN CACIOPPO LINDNER KUNY ARTICG- SWOMLEY Vote: Attest I, Gloria Tessier, the duly qualified City C.lerk for the.City of Gem Lake., County of Ramsey, State of Minnesota,. do hereby certify that. the foregoing Resolution is a true and accurate representation of action taken by the: City Council of the City of Gem Lake on the date first written, GLORIA TESSIER, City Look for as on the World Wide Web at gemlakemn.org