HomeMy WebLinkAboutResolution 2018-106 Authorizing Interfund TransferCity of Corcoran
County of Hennepin
State of Minnesota
December 27, 2018
RESOLUTION NO. 2018 -106
Motion By: Keefe
Seconded By: Dejewski
AUTHORIZING AN INTERFUND TRANSFER
WHEREAS, the City of Corcoran completed an overlay project on Larkin Road and Rolling Hills
Road in 2018; and
WHEREAS, the City authorized use of MSA funds for the project in lieu of the budget allocation
as these roads were eligible for used of MSA funds; and;
WHEREAS, the City would like to transfer the remaining funds from the 2018 budget included in
43100 -233 Asphalt/Maintenance Patching to a dedicated fund titled Asphalt Maintenance for
future use for similar projects;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
CORCORAN, MINNESOTA, that the described interfund transfers are authorized.
Fund Description
Account
Transfer Amount
ASPHALT MAINTENANCE
G 305 -10100
125,000.00
GENERAL FUND
G 100 -10100
(1257000.00)
GENERAL FUND ASPHALT MAINT /PATCHING
E 100 - 43100 -233
1257000.00
ASPHALT MAINTENANCE TRANSFERS FROM OTHER
FUND
R 305 - 43100 -39200
(125,000.00)
TOTAL
0.00
VOTING AYE
�J Thomas, Ron
❑ Bottema, Jonathan
® Dejewski, Brian
® Keefe, Mike
® Schultz, Alan
VOTING NAY
❑ Thomas, Ron
F-1 Bottema, Jonathan
❑ Dejewski, Brian
❑ Keefe, Mike
F-1 Schultz, Alan
Whereupon, said Resolution is hereby declared adopted on this 27th day of December, 2018.
Ron Thomas -Mayor
ATTEST:
City Seal
Jessica Beise —City Clerk/Administrative Services Coordinator
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