HomeMy WebLinkAbout2018-39 TRANSFER OF CERTAIN FUNDS44f CITY OF GEM LAKE, MN
4200 Otter Lake Road _
Gem Lake, Minnesota 55110
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
FUND # FUND NAME
OUT
401 Improvement Fund
20,000.00
100 General Fund
20,000.00
401 Improvement Fund
11,724.96
302 2004 Debt Service Fund
11,724.96
401 Improvement Fund
49,299.00
303 2006 Debt Service Fund
49,299.30
Total
81,023.96
Total
81,024.26
The foregoing Resolution was offered by Councilor Lindner and was supported by
Councilor Cacioppo and was declared adopted based upon the following vote:
NAME
UZPEN
CACIOPPO
LINDNER
KUNY
ARTIG-
SWOMLEY
Vote
Absent
Yes
Yes
Yes
Yes
Attest
I, Gloria Tessier, the duly qualified Acting City Clerk 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.
J 18 December 2018
ULUR1A TESSIER, Acting City Clerk
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