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R3357 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.