HomeMy WebLinkAboutCity Council Resolution 2023-162
FromToAmountTransfer Reason
Construction Transfers
Park ReplacementGeneral Capital ProjectsPark projects - replace misc boardwalks/bridges,
794,121trail/asphalt, St. Mary's, Shenandoah and Nature
Canyon playgrounds
Street ReconstructionImprovement ConstructionChankahda Trail ($5M), 36th Ave/169 Bridge
7,697,200 Replacement ($1.8M), other road
rehabilitation/reconstruction projects
Park DedicationGeneral Capital ProjectsSchmidt property acquisition ($72k), Hollydale Trail
165,912
($63k), trails & playfields
Improvement ConstructionMN State Aid 40,000Schmidt Lake Road at I-494 Street expansion
Ice CenterGeneral Capital Projects 10,470Window replacement
Operating Transfers
C ITY OF P LYMOUTH
TIF #1-1 Shops at Plymouth CreekTIF #1-1 Shops at Plymouth Creek 1,673Negative cash balance
General Capital ProjectsPlymouth Creek Ctr ExpansionNegative cash balance at PCC, awaiting sales tax and
4,344,314
state bonding reimbursement
TIF #7-4 PTP Construction2009A TIF 7-5A Refunding
80,428Negative cash balance allowed under deficit pooling
R ESOLUTION N O. 2023-162
TIF #7-4 PTP ConstructionTIF #7-5 Rottland
2,051Negative cash balance allowed under deficit pooling
Surplus
General FundGeneral Capital Projects 6,665,000
R ESOLUTION A PPROVING T RANSFER B ETWEEN F UNDS
Total 19,801,169
WHEREAS, the city council has reviewed the financial report for 2022 and
recommendation for transfers between funds.
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA, that the finance director is authorized to transfer the
following funds:
BE IT FURTHER RESOLVED that the transfers are to be made effective December
31, 2022, to be reflected in the year-end financial statements for 2022.
APPROVED by the City Council on this 27th day of June, 2023.