HomeMy Public PortalAboutR3215RESOLUTION NO. 3215
A RESOLUTION, transferring fund balances totaling One Million Four Hundred
Thousand Dollars ($1,400,000.00) from Debt Service Fund 2819 and into the following three
funds: Debt Service Fund 2810 in the amount of Four Hundred Thousand Dollars ($400,000.00),
Debt Service Fund 2816 in the amount of Eight Hundred Thousand Dollars ($800,000.00), and
Debt Service Fund 2817 in the amount of Two Hundred Thousand Dollars ($200,000.00) and
transferring Five Hundred Thousand Dollars ($500,000.00) from Debt Service Fund 2812 and
into Debt Service Fund 2804 and transferring Two Million Dollars ($2,000,000.00) from Debt
Service Fund 2819 to the General Fund 1101 and Two Million Dollars ($2,000,000.00) from
Debt Service Fund 2820 to the General Fund 1101. These transfers are based on an internal
review and adjusts for differences in actual and budgeted debt payments due to the timing of the
issuance of senior bonds. This will be an annual process.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT that:
That the total sum of One Million Four Hundred Thousand Dollars
($1,400,000.00) is hereby transferred from Debt Service Fund 2819 and into Debt Service Fund
2810 in the amount of Four Hundred Thousand Dollars ($400,000.00), Debt Service Fund 2816
in the amount of Eight Hundred Thousand Dollars ($800,000.00), and Debt Service Fund 2817
in the amount of Two Hundred Thousand Dollars ($200,000.00); and transferring Five Hundred
Thousand Dollars ($500,000.00) from Debt Service Fund 2812 and into Debt Service Fund
2804;
Metropolitan St. Louis Sewer District
2014-2015 Budget Transfer
The following amounts are available for a transfer of funds:
Major
Fund Name Fund Natural Account Amount Reason
Debt Service Fund 2013B 2819 48100 1,400,000
Total Available for Transfer $1,400,000
The following amounts are additional funds needed:
Major
Fund Name Fund Natural Account Amount Reason
Debt Service Fund 2008A 2810 48100 400,000
Debt Service Fund 2011B 2816 48100 800,000
Debt Service Fund 2012A 2817 48100 200,000
Total Funds Needed $1,400,000
The following amounts are available for a transfer of funds:
Major
Fund Name Fund Natural Account Amount Reason
Debt Service Fund 2010B 2812 48100 500,000
Total Available for Transfer $500,000
The following amounts are additional funds needed:
Major
Fund Name Fund Natural Account Amount Reason
Debt Service Fund 2004A 2804 48100 500,000
Total Funds Needed $500,000
That the total sum of Two Million Dollars ($2,000,000.00) from Debt Service
Fund 2819 to the General Fund 1101 and Two Million Dollars ($2,000,000.00) from Debt
Service Fund 2820 to the General Fund 1101;
Metropolitan St. Louis Sewer District
2014-2015 Budget Transfer
The following amounts are available for a transfer of funds:
Major
Fund Name Fund Natural Account Amount Reason
Debt Service Fund 2013B 2819 48100 2,000,000
Debt Service Fund 2013A 2820 48100 2,000,000
Total Available for Transfer $4,000,000
The following amounts are additional funds needed:
Major
Fund Name Fund Natural Account Amount Reason
General Fund 1101 48100 4,000,000
Total Funds Needed $4,000,000
The foregoing Resolution was adopted on June 16, 2015