HomeMy WebLinkAboutRESOLUTION NO. 2024-70RESOLUTION NO. 2024-70
A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS
WHEREAS, the city clerk/ti-easuY-er has submitted the following transfer needed.
Section l. Debt Service I�und to Bridge Project Capital Ilnprovements Fund (2023 GO Bond
fiinds):
a. Transfer Order: $4,835.00 froln the Debt Service Fund checking account to
thc Bridge Project Capital Iinprovements Fui�d checking account.
Section 2. General Fund to HH Bridge Participation Capital Improvements Fund (2022 GO Bond
funds):
a. Transfer Ordei•: $360,000 fi-oin General Fund checking account to the HH
Bridge Participation Capital Improvements FLlud checking account.
Section 3. General Fund to Bridge Pi-oject Capital Improvements Fund (2020B GO Bond funds):
a. Transfer Order: $135,000 fi-om General Fm7d checkin� account to the Bridge
Project Capital Iinprovements Fund checking account.
Section 4. General Fund to W Cemetery Road Intersection Capital Iinproveinents Fund (2020B
GO Bond funds):
a. Transfer Order: $235,000 fi-om the General Fund checking account to the W.
Cemetezy Road Intersection Capital Improvement Fund checking account.
Section 5. Sewer Fund to Genera] Fund (2020A and 2020B Bond funds plus interest earned):
a. Transfer Order: $291,358.52 fi�oin the HH Participation Sewer Fund checking
account to the General Fund checking account.
Section 6. Debt Service Ftmd to General Fund (2020 GO bonds inoney):
a. Transfer Order: $31,100.00 froln Debt Service Fund checking account to the
General Fund checking account.
Section 7. Water Fund Water Study to 2024 Well Rehab Capital Ilnproveinents Fund (2017 GO
Bond funds)
a. Transfer Order: $946.51 from Water Fund Water Study checking account to
the 2024 Well Rehab Capital Improveinents Fund checking account.
Section 8. Water Fund to General Fund (2022 GO Bond funds)
a. Transfer Order: $44,897.73 from Water Fund 2022 WM Extension checking
accouilt to the General Fund checking account.
Section 9. Total transfers by fund:
a.
b.
c.
d.
e.
f.
�•
h.
Debt Service Fund to Bridge Project CI Fund:
General Fund to HH Participation CI Fund:
General Fund to Bridge Project CI Fund:
General Fund to W. Cem Rd Intcrsection CI Ftuid
Sewer Fund to General Fund:
Debt Seivice Fund to General ���und:
Water Fund WS to 2024 Well Rehab CI Fund:
Water Fund to General Fui1d:
$4,835.00
$360,000.00
$135,000.00
$235,000.00
$291,358.52
$31,100.00
$946.51
$44,897.73
Total of Transfers Needed:
$1,103,137.76
NOW, THEREFORE, BE IT RESOLVEll, by the City Council of the City of Fairfax,
Iowa, that the city clerlc/treasurer is directed to �nake this recommellded transfer. �
BE IT FURTHER RESOLVED, that the Mayor and City Clerk/Treasurer are hereby
authorized and directed to execute said resolution.
Passed and approved this 10'�' day of September, 2024.
AYES: Nun-e, Daly, Wozniak, Volk, and Wainwright
NAYS: None
� � �,l"�,/l C c�idt y—~ ��ll/'v.
Jo Ann Beer, Mayor
ATTEST:
� � ��, � ,��
Cy thia K. Stimson, City Clerk/Treasurer