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R3215RESOLUTION 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