HomeMy Public PortalAboutR3229RESOLUTION 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