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R3437 FIN Transfer Fund Balances from Debt Service FundsRESOLUTION NO. 3437 A RESOLUTION, transferring fund balances. This resolution will transfer Four Hundred Fifty Thousand Dollars ($450,000.00) from Debt Service Fund 2816 to the General Fund 1101; One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00) from Debt Service Fund 2817 to the General Fund 1101; Six Hundred Fifty Thousand Dollars ($650,000.00) from Debt Service Fund 2819 to the General Fund 1101; Six Hundred Fifty Thousand Dollars ($650,000.00) from Debt Service Fund 2822 to the General Fund 1101; and Two Million Three Hundred Fifty Thousand Dollars ($2,350,000.00) from Debt Service Fund 2826 to the General Fund 1101. This resolution will also transfer Two Hundred Thousand Dollars ($200,000.00) from Debt Service Fund 2804 to Debt Service Fund 2824; Two Hundred Thousand Dollars ($200,000.00) from Debt Service Fund 2820 to Debt Service Fund 2824; Seventy Five Thousand Dollars ($75,000.00) from Debt Service Fund 2821 to Debt Service Fund 2824; and One Hundred Twenty Five Thousand Dollars ($125,000.00) from Debt Service Fund 2821 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. WHEREAS, the Director of Finance has certified that there is an unencumbered balance in the above-named fund sufficient to pay the obligation authorized herein. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT that: Section One. The total sum of Five Million Three Hundred Fifty Thousand Dollars ($5,350,000.00) is hereby transferred into the General Fund 1101 in the amount of Four Hundred Fifty Thousand Dollars ($450,000.00) from Debt Service Fund 2816, One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00) from Debt Service Fund 2817, Six Hundred Fifty Thousand Dollars ($650,000.00) from Debt Service Fund 2819, Six Hundred Fifty Thousand Dollars ($650,000.00) from Debt Service Fund 2822, and Two Million Three Hundred Fifty Thousand Dollars ($2,350,000.00) from Debt Service Fund 2826. The total sum of Four Hundred Seventy Five Thousand Dollars ($475,000.00) is also hereby transferred into Debt Service Fund 2824 in the amount of Two Hundred Thousand Dollars ($200,000.00) from Debt Service Fund 2804, Two Hundred Thousand Dollars ($200,000.00) from Debt Service Fund 2820, and Seventy Five Thousand Dollars ($75,000.00) from Debt Service Fund 2821. The total sum of One Hundred Twenty Five Thousand Dollars ($125,000.00) is also hereby transferred into the General Fund 1101 from Debt Service Fund 2821. The foregoing Resolution was adopted on June 14, 2018. Metropolitan St. Louis Sewer District 2017-2018 Fund Balance Transfer Senior Debt Service Funds Transfer from: Major Fund Name Fund Natural Account Amount Debt Service Fund 2011B 2816 48100 $450,000 Debt Service Fund 2012A 2817 48100 $1,250,000 Debt Service Fund 2013B 2819 48100 $650,000 Debt Service Fund 2015B 2822 48100 $650,000 Debt Service Fund 2017A 2826 48100 $2,350,000 Total Transferred $5,350,000 Transfer to: Major Fund Name Fund Natural Account Amount General Fund 1101 48100 $5,350,000 Total Received $5,350,000 Subordinate Debt Service Funds Transfer from: Major Fund Name Fund Natural Account Amount Debt Service Fund 2004A 2804 48100 $200,000 Debt Service Fund 2013A 2820 48100 $200,000 Debt Service Fund 2015A 2821 48100 $200,000 Total Transferred $600,000 Transfer to: Major Fund Name Fund Natural Account Amount Debt Service Fund 2016B 2824 48100 $475,000 General Fund 1101 48100 $125,000 Total Received $600,000