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R3229RESOLUTION NO. 3229 A RESOLUTION, transferring unencumbered appropriated balances totaling Two Hundred Sixty-Three Thousand Dollars ($263,000.00) from the General Fund #1101 to the Water Backup Fund #4104; and transferring fund balances totaling One Million Seven Hundred Thousand Dollars ($1,700,000.00) from the General Fund #1101 to the Water Backup Fund #4104 in the amount of One Million Dollars ($1,000,000.00), and to the Sanitary Replacement Fund #6660 in the amount of Seven Hundred Thousand Dollars ($700,000.00). NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT that: That the total sum of Two Hundred Sixty-three Thousand Dollars ($263,000.00) of unencumbered appropriations is hereby transferred from the General Fund #1101 to the Water Backup Fund. The following amounts are available for a transfer of appropriations: Fund Description Fund Major Account Code Amount Reason General Fund 1101 51000 - Personnel Services $263,000.00 Environmental Compliance personnel expenses finished the year under budget Total Available Funds for Transfer $263,000.00 The following amounts are additional appropriations needed: Fund Description Fund Major Account Code Amount Reason Water Backup Fund 4104 54000 - Contractual Services $263,000.00 Heavy rains in May and June Total Funds Needed $263,000.00 That the total sum of One Million Seven Hundred Thousand Dollars ($1,700,000.00) of fund balance is hereby transferred from the General Fund #1101 and into Water Backup Fund #4104 in the amount of One Million Dollars ($1,000,000.00), and Sanitary Replacement Fund #6660 in the amount of Seven Hundred Thousand Dollars ($700,000.00). The following amounts are available for a transfer of funds: Fund Description Fund Major Account Code Amount Reason General Fund 1101 48100 - Inter-fund Transfer $1,700,000.00 The General Fund operating expenses are expected to be more than $2 million under budget Total Available Funds for Transfer $1,700,000.00 The following amounts are additional funds needed: Fund Description Fund Major Account Code Amount Reason Water Backup Fund 4104 48100 - Inter-fund Transfer $1,000,000.00 A higher fund balance is necessary to hedge against large future claims Sanitary Replacement Fund 6660 48100 - Inter-fund Transfer $700,000.00 Savings in operating expenses will be used to fund CD required projects Total Funds Needed $1,700,000.00 The foregoing resolution was adopted August 13, 2015