HomeMy Public PortalAboutR2985RESOLUTION 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