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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