HomeMy Public PortalAboutR3603 Transfer Fund Balance FY20RESOLUTION NO. 3603
A RESOLUTION, transferring fund balances. This resolution will transfer Twenty -
Five Thousand Dollars ($2 5,000 .00) from Debt Service Fund 2816 to the General Fund 1101; One
Million Fif ty Thousand Dollars ($1 ,050,000.00) from Debt Service Fund 2818 to the General Fund
1101 and Nine Hundred Thousand Dollars ($900,000.00) from Debt Service Fund 2818 to Debt
Service Fund 2817 and One Million Ninety-Five Thousand Dollars ($1,095,000.00) from Debt
Service Fund 2818 to Debt Service Fund 2830 and Three Million Four Hundred Twenty-Five
Thousand Dollars ($3,425,000.00) from Debt Service Fund 2818 to Debt Service Fund 2831; One
Million Six Hundred Fifty Thousand Dollars ($1,650,000.00) from Debt Service Fund 2819 to the
General Fund 1101; Five Hundred Forty -Five Thousand Dollars ($54 5,000.00) from Debt Service
Fund 2822 to the General Fund 1101; Seventy Thousand Dollars ($7 0,000.00) from Debt Service
Fund 2825 to the General Fund 1101; One Hundred Thirty -Five Thousand Dollars ($135,000.00)
from Debt Service Fund 2826 to the General Fund 1101; and Sixty Thousand Dollars ($60,000.00)
from Debt Service Fund 2827 to the General Fund 1101. This resolution will also transfer One
Hundred Thousand Dollars ($10 0,000.00) from Debt Service Fund 282 3 to the General Fund 1101;
Three Hundred Thousand Dollars ($3 00,000.00) from Debt Service Fund 2824 to the General Fund
1101; Two Hundred Fifty Thousand Dollars ($2 50,000.00) from Debt Service Fund 2828 to the
General Fund 1101; One Million Eight Hundred Twen ty -Five Thousand Dollars ($1 ,825,000.00)
from the Debt Service Fund 2829 to the General Fund 1101. These transfers are based on an
internal review and adjust for differences in actual and budgeted debt payments due to the timing
of the issuance of senior and subordinate bonds. This is an annual process.
WHEREAS, the Director of Finance has certified that there are unencumbered
balances in the above-named fund s sufficient to pay the obligation authorized herein.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT that:
Section One. The total sum of Three Million Five Hundred Thirty -Five Thousand
Dollars ($3 ,5 3 5,000.00) is hereby transferred into the General Fund 1101 in the amount of Twenty -
Five Thousand Dollars ($25,000.00) from Debt Service Fund 2816 , One Million Fif ty Thousand
Dollars ($1,050,000.00) from Debt Service Fund 2818, One Million Six Hundred Fifty Thousand
Dollars ($1,650 ,000.00) from Debt Service Fund 2819, Five Hundred Forty-Five Thousand
Dollars ($5 45,000.00) from Debt Service Fund 2822, Seventy Thousand Dollars ($7 0,000.00)
from Debt Service Fund 2825, One Hundred Thirty -Five Thousand Dollars ($135,000.00) from
Debt Service Fund 2826 and Sixty Thousand Dollars ($60,000.00) from Debt Service Fund 2827.
The total sum of Nine Hundred Thousand Dollars ($900,000.00) is also hereby transferred to Debt
Service Fund 2817, One Million Ninety-Five Thousand Dollars ($1,095,000.00) to Debt Service
Fund 2830 and Three Million Four Hundred Twenty -Five Thousand Dollars ($3,425,000.00) to
Debt Service Fund 2831 from the Debt Service Fund 2818. The total sum of Two Million Four
Hundred Seventy -Five Thousand Dollars ($2 ,475,000.00) is also hereby transferred into the
General Fund 1101 in the amount of One Hundred Thousand Dollars ($100,000.00) from Debt
Service Fund 2823, Three Hundred Thousand Dollars ($300,000.00) from Debt Service Fund
2824, Two Hundred Fifty Thousand Dollars ($250,000.00) from Debt Service Fund 2828 and One
Million Eight Hundred Twenty -f ive Thousand Dollars ($1,825,000.00) from Debt Service Fund
2829.
The foregoing Resolution was adopted on June 11, 2020.
Metropolitan St. Louis Sewer District
2019 -2020 Fund Balance Transfer
Senior Debt Service Funds
Transfer from:
Major
Fund Name Fund Natural Account Amount
Debt Service Fund 2011B 2816 48100 $25,000
Debt Service Fund 2012B 2818 48100 $6,470,000
Debt Service Fund 2013B 2819 48100 $1,650,000
Debt Service Fund 2015B 2822 48100 $545,000
Debt Service Fund 2016C 2825 48100 $70,000
Debt Service Fund 2017A 2826 48100 $135,000
Debt Service Fund 2018A 2827 48100 $60,000
Total Transferred $8,955,000
Transfer to:
Major
Fund Name Fund Natural Account Amount
General Fund 1101 48100 $3,535,000
Debt Service Fund 2012A 2817 48100 $900,000
Debt Service Fund 2019B 2830 48100 $1,095,000
Debt Service Fund 2019C 2831 48100 $3,425,000
Total Received $8,955,000
Subordinate Debt Service Funds
Transfer from:
Major
Fund Name Fund Natural Account Amount
Debt Service Fund 2016A 2823 48100 $100,000
Debt Service Fund 2016B 2824 48100 $300,000
Debt Service Fund 2018B 2828 48100 $250,000
Debt Service Fund 2019A 2829 48100 $1,825,000
Total Transferred $2,475,000
Transfer to:
Major
Fund Name Fund Natural Account Amount
General Fund 1101 48100 $2,475,000
Total Received $2,475,000