HomeMy WebLinkAboutResolution 2021-43 Authorizing an Interfund TransferCity of Corcoran
County of Hennepin
State of Minnesota
RESOLUTION NO. 2021-43
Motion By: Nichols
Seconded By: McKee
AUTHORIZING AN INTERFUND TRANSFER
May 13, 2021
WHEREAS, the City of Corcoran is completing the 2020 audit and desires to make transfers in
advance of finalizing audit documents; and
WHEREAS, due to the COVID-19 pandemic, staff and the City Council took extreme measures
to reduce expenditures to prepare for potential negative financial impacts related to the
pandemic; and;
WHEREAS, the City was able to mitigate a majority of the financial impact of the pandemic and
the City received financial assistance to cover the some of its pandemic related costs with
CARES Act funds;
NOW, THEREFORE
That the below interf
IT IS HEREBY RESOLVED:
and trans
fers are authorized.
Fund Descri lion'
Account
Transfer Amount
LONG-TERM PLANNING FUND CARES Earmark
101-41900-39203
2367789.00
GENERAL FUND
100-49360-720
2367789.00
LONG-TERM PLANNING FUND
10141900-39200
887998000
GENERAL FUND
10049360-720
(881998.00)
ASPHALT MAI NTENANAC E FUND
30543100-39200
2007
000.00
GENERAL FUND
100-49360-720
(2007000.0O)
ASPHALT MAINTENANCE FUND
305-43100-39200
4917922000
DOWNTOWN IMPROVEMENT FUND
42249360-720
(4917922, .00)
TOTAL
0.00
VOTING AYE
® Nichols, JeremyThomas, Manoi
IN'Schultz, Alan
VOTING NAY
BottemaJon
U McKee, Tom
❑ ,
❑ Nichols, Jeremy
❑
❑ Thomas, Manoj
Schultz, Alan
Whereupon, said Resolution is hereby declared adopted on this 13t" day of May, 2021.
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City of Corcoran
County of Hennepin
State of Minnesota
RESOLUTION No. 2021-43
ATTEST: _
sica Beise —Administrative Servi
T6m McKee
Page 2 of 2
May 13, 202 7
;i � A '00 eo<
— Mayor
City Seal