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44f CITY OF GEM LAKE, MN <br />4200 Otter Lake Road _ <br />Gem Lake, Minnesota 55110 <br />RESOLUTION NO.2018-39 <br />18 DECEMBER 2018 <br />A RESOLUTION APPROVING THE TRANSFER OF CERTAIN FUNDS <br />WHEREAS, the City's 2018 budget included an operating transfer to finance future improvement <br />projects; and <br />WHEREAS, the City has two Bond Funds in which the debt is retired and no longer needed <br />NOW, THEREFORE BE IT RESOLVED, that the City Council of the City of Gem Lake does <br />formally approve the following transfer of funds: <br />2018 Operating Transfers <br />TRANSFER <br />TRANSFER <br />FUND # FUND NAME <br />IN <br />FUND # FUND NAME <br />OUT <br />401 Improvement Fund <br />20,000.00 <br />100 General Fund <br />20,000.00 <br />401 Improvement Fund <br />11,724.96 <br />302 2004 Debt Service Fund <br />11,724.96 <br />401 Improvement Fund <br />49,299.00 <br />303 2006 Debt Service Fund <br />49,299.30 <br />Total <br />81,023.96 <br />Total <br />81,024.26 <br />The foregoing Resolution was offered by Councilor Lindner and was supported by <br />Councilor Cacioppo and was declared adopted based upon the following vote: <br />NAME <br />UZPEN <br />CACIOPPO <br />LINDNER <br />KUNY <br />ARTIG- <br />SWOMLEY <br />Vote <br />Absent <br />Yes <br />Yes <br />Yes <br />Yes <br />Attest <br />I, Gloria Tessier, the duly qualified Acting City Clerk for the City of Gem Lake, County of <br />Ramsey, State of Minnesota, do hereby certify that the foregoing Resolution is a true and accurate <br />representation of action taken by the City Council of the City of Gem Lake on the date first written. <br />J 18 December 2018 <br />ULUR1A TESSIER, Acting City Clerk <br />Look for us on the World Wide Web at gemlakemn.org <br />