HomeMy WebLinkAboutResolution 97-31 RESOLUTION NO. 97- 31
AUTHORIZING TEMPORARY YEAR-END INTERFUND LOANS
AND AUTHORIZING YEAR-END TRANSFERS
WHEREAS, the City Council of the City of Columbia Heights has received preliminary year-end financial reports for the peri~xl
ending December 31, 1996, and;
WHEREAS, some funds have deficits at year-end due to outstanding receivables, and;
WHEREAS, the Paratransit Fund is no longer needed or used, and;
WHEREAS, there is an operating deficit in the Energy Management Fund;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Columbia Heights that the following temporary
loans and transfers be effective as of December 31, 1996:
Temporary Interfund Loans
Loan
Loan from:
Community Development Fund
Community Development Block Grant Fund
EDA Fund
HRA Fund
State Aid Maintenance Fund
State Aid Construction Fund
Medtronic Development Fund
Sheffield Redevelopment Fund
General Fund
$41,652.46
158,006.85
29,785.38
7,332.65
15,767.20
71,579.18
38,156.17
32,933.82
395,213.71
Transfer to:
Transfer from:
Interfund Transfers
Energy Management Fund
General Fund
Paratransit Fund
19,897.57
28,061.92
47,959.49
Passed this 1/4th day of April
Offered by: Ruett imann
Seconded by: Pete r son
Roll Call: A1 1 ayes
,1997
2/~nn~ Student,-Council Secret~
Joseph S. Sturdevant, Mayor