HomeMy Public PortalAboutR3357 Fund Balance Transfer ResolutionRESOLUTION NO. 3357
A RESOLUTION, transferring fund balances totaling Two Million Five Hundred
Ten Thousand Dollars ($2,510,000.00) from the General Fund 1101 to Debt Service Fund 2816
in the amount of Ten Thousand Dollars ($10,000.00) and to Debt Service Fund 2825 in the
amount of Two Million Five Hundred Thousand Dollars ($2,500,000.00) and transferring Five
Million Five Hundred Thousand Dollars ($5,500,000.00) from Debt Service Fund 2823 to Debt
Service Fund 2820 in the amount of Ten Thousand Dollars ($10,000.00) and to Debt Service
Fund 2821 in the amount of Four Hundred Fifty Thousand Dollars ($450,000.00), and to the
General Fund 1101 in the amount of Five Million Forty Thousand Dollars ($5,040,000.00) and
transferring Four Million Three Hundred Thousand Dollars ($4,300,000.00) from Debt Service
Fund 2824 to the General Fund 1101. These transfers are based on an internal review and adjust
for differences in actual and budgeted debt payments due to the timing of the issuance of senior
and subordinate bonds. This is an annual process.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT that:
The total sum of Two Million Five Hundred Ten Thousand Dollars
($2,510,000.00) is hereby transferred into Debt Service Fund 2816 in the amount of Ten
Thousand Dollars ($10,000.00) and into Debt Service Fund 2825 in the amount of Two Million
Five Hundred Thousand Dollars ($2,500,000.00) from the General Fund 1101. The total sum of
Five Million Five Hundred Thousand Dollars ($5,500,000.00) is also hereby transferred into
Debt Service Fund 2820 in the amount of Ten Thousand Dollars ($10,000.00), into Debt Service
Fund 2821 in the amount of Four Hundred Fifty Thousand Dollars ($450,000.00), and into the
General Fund 1101 in the amount of Five Million Forty Thousand Dollars ($5,040,000.00) from
Debt Service Fund 2823, as well as Four Million Three Hundred Thousand Dollars
($4,300,000.00) into the General Fund 1101 from Debt Service Fund 2824.
Metropolitan St. Louis Sewer District
2016-2017 Fund Balance Transfer
The following amounts are available for a transfer of funds:
Major
Fund Name Fund Natural Account Amount
General Fund 1101 48100 $2,510,000
Total Available for Transfer: $2,510,000
The following amounts are additional funds needed:
Major
Fund Name Fund Natural Account Amount
Debt Service Fund 2011B 2816 48100 $10,000
Debt Service Fund 2016C 2825 48100 $2,500,000
Total Funds Needed: $2,510,000
The following amounts are available for a transfer of funds:
Major
Fund Name Fund Natural Account Amount
Debt Service Fund 2016A 2823 48100 $5,500,000
Total Available for Transfer: $5,500,000
The following amounts are additional funds needed:
Major
Fund Name Fund Natural Account Amount
Debt Service Fund 2013A 2820 48100 $10,000
Debt Service Fund 2015A 2821 48100 $450,000
General Fund 1101 48100 $5,040,000
Total Funds Needed: $5,500,000
The following amounts are available for a transfer of funds:
Major
Fund Name Fund Natural Account Amount
Debt Service Fund 2016B 2824 48100 $4,300,000
Total Available for Transfer: $4,300,000
The following amounts are additional funds needed:
Major
Fund Name Fund Natural Account Amount
General Fund 1101 48100 $4,300,000
Total Funds Needed: $4,300,000
The foregoing Resolution was adopted on June 8, 2017.