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HomeMy Public PortalAboutR3586 FIN Budget TransferRESOLUTION NO. 3586 A RESOLUTION, transferring unencumbered appropriated balances totaling Five Hundred Six Thousand Two Hundred Twenty-Five Dollars ($506,225.00) from the 2019A SRF Fund #2829 to the General Fund #1101 to cover the cost of commitment fees for Forward Direct Placement Series’ 2021A, 2022A, 2023A and 2025A refunding bonds. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT that: That the total sum of Five Hundred Six Thousand Two Hundred Twenty-Five Dollars ($506,225.00) of unencumbered appropriations is hereby transferred from the 2019A SRF Fund #2829 to the General Fund #1101. The following amounts are available for a transfer of funds: Fund Cost Center Natural Account Business Line Amount Justification 2829 00202 58020 00 $506,225.00 Debt service for this SRF is less than budget due to draw down schedule. Total Transfer From: $506,225.00 The following amounts are additional funds needed: Fund Cost Center Natural Account Business Line Amount Justification 1101 01110 54520 00 $506,225.00 To pay commitment fees for Forward Direct Placement Series' 2021A, 2022A, 2023A, and 2025A. Total Transfer To: $506,225.00 The foregoing Resolution was adopted on April 9, 2020.