Loading...
R2985RESOLUTION NO. 2985 A RESOLUTION, transferring unencumbered fund balances totaling Three Million Eight Hundred Thousand Dollars ($3,800,000.00) from the General Fund with One Million Eight Hundred Thousand Dollars ($1,800,000.00) to the Water Backup Fund and Two Million Dollars ($2,000,000.00) to the Sanitary Replacement Fund; and transferring unencumbered appropriated balances totaling Five Million Five Hundred Sixty Eight Thousand Dollars ($5,568,000.00) between departments and funds with Three Hundred Eighty Three Thousand Dollars ($383,000.00) to the General Fund and Five Million One Hundred Eighty Five Thousand Dollars ($5,185,000.00) to the Water Backup Fund. BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT that: Section One: That the total sum of Three Million Eight Hundred Thousand Dollars ($3,800,000.00) is herby transferred from the General Fund with One Million Eight Hundred Thousand Dollars ($1,800,000.00) to the Water Backup Fund and Two Million Dollars ($2,000,000.00) to the Sanitary Replacement Fund; and Section Two: That the sum of Five Million Five Hundred Sixty Eight Thousand Dollars ($5,568,000.00) is herby transferred between departments and funds with Three Hundred Eighty Three Thousand Dollars ($383,000.00) transferred to the General Fund and Five Million One Hundred Eighty Five Thousand Dollars ($5,185,000.00) to the Water Backup Fund. The foregoing Resolution was adopted August 11, 2011. The following amounts are available for a transfer of funds: Department Fund Major Account Code Amount Reason Secretary Treasurer 1101 54000 319,000 Human Resources 1101 51000 247,000 Finance 1101 51000 200,000 Finance 1101 54000 236,000 Information Systems 1101 51000 60,000 Information Systems 1101 55000 30,000 General Counsel 1101 51000 81,000 General Counsel 1101 54000 1,973,000 Operations 1101 51000 1,111,000 Operations 1101 52000 237,000 Operations 1101 53000 80,000 Operations 1101 54000 489,000 Engineering 1101 51000 282,000 Engineering 1101 52000 51,000 Engineering 1101 54000 172,000 Total Available for Transfer $5,568,000 The following amounts are additional funds needed: Department Fund Major Account Code Amount Reason Finance 1101 55000 383,000 Needed roof repair and purchase of portable generator for Market Street location. Water Backup Fund 4104 54000 5,185,000 To cover claims from the June 2011 rain event. Total Funds Needed $5,568,000 The following amounts are available for a transfer of funds: Department Fund Major Account Code Amount Reason General Fund 1101 3,800,000 Total Available for Funds Transfer $3,800,000 The following amounts are additional funds needed: Department Fund Major Account Code Amount Reason Water Backup Fund 4104 1,800,000 To cover claims from the June 2011 rain event. Sanitary Replacement Fund 6660 2,000,000 To cover additional Infrastructure Repair Work. Total Funds Needed $3,800,000