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HomeMy Public PortalAboutResolutions-2018-104 DocuSign Envelope ID: 523BF311-18AB-4EEA-AEEB-827688C38B64 RESOLUTION NO. 2018-104 A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS Whereas, the City of Tiffin has operational transfers that are required to be made; and, Whereas, the City Council of the City of Tiffin, Iowa, wishes to make the needed transfers; and, Whereas, the City Clerk has submitted the following list of the transfers needed. Section 1. Emergency Fund to the General Fund: a. Transfer Order: $115,970.04 from the Emergency Fund to the General Fund for monies levied in past budgets. Section 2. Capital Project Funds Disbursement: a. Transfer Order: $313,289.72 from the Capital Project Fund split 50% to Water and Sewer Funds. Funds were receipted in to Fund 301 for the Clear Creek Amana School Water/Sewer/Lift Station project. b. Transfer Order: $1,563,840.81 for the Capital Project for Ireland Avenue Relocation Project Section 3. Tax Increment Finance Fund to the following breakdown: a. Transfer Order: $1,015,065.12 from the TIF Fund to transfer to the following Capital Project Funds for reimbursement. $373,630.09 for the Capital Project for the Ballfield Improvement Project $165,458.12 for the Capital Project for Park Road Paving Project $179,522.95 for the Capital Project for the Land Swap $21,492.40 for the Capital Project for the Industrial Park Watermain Extension $263,429.41 for the Capital Project for the Master City Parks Project $11,532.15 for the Capital Project for the City Pond Improvement Project Now, therefore be it resolved by the City Council of the City of Tiffin, Iowa, that the City Clerk is directed to make these recommended transfers. Be it further resolved that the Mayor and City Clerk are hereby authorized and directed to execute said resolution. th On the 6 day of November, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson Schnedler introduced RESOLUTION NO. 2018-104, A RESOLUTION AUTHORING THE TRANSFER OF FUNDS and made a motion for approval. Motion seconded by Councilperson Bartels. Ayes: Bartels, Havens, Schnedler, Upton. Nays: None Absent: Ryan DocuSign Envelope ID: 523BF311-18AB-4EEA-AEEB-827688C38B64 Whereupon four Council members were present and voted approval and Mayor Berner declared that the RESOLUTION NO. 2018-104, A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS to be adopted and signified his approval of the same by affixing his signature thereto. th Passed by the City Council on the 6day of November, 2018. City of Tiffin ____________________________ Steven L. Berner, Mayor ATTEST: ________________________________ Ashley Platz, City Clerk Certificate Of Completion Envelope Id: 523BF31118AB4EEAAEEB827688C38B64Status: Completed Subject: Please DocuSign: I-1 - 2018-104 - Resolution Authorizing Tranfer of Funds 2018.docx Source Envelope: Document Pages: 2Signatures: 2Envelope Originator: Certificate Pages: 5Initials: 0Abigail Hora AutoNav: Enabled300 Railroad St EnvelopeId Stamping: EnabledPO Box 259 Time Zone: (UTC-08:00) Pacific Time (US & Canada)Tiffin, IA 52340 ahora@tiffin-iowa.org IP Address: 69.63.16.128 Record Tracking Status: OriginalHolder: Abigail HoraLocation: DocuSign 11/21/2018 11:57:34 AM ahora@tiffin-iowa.org Signer EventsSignatureTimestamp ASHLEY PLATZSent: 11/21/2018 11:58:07 AM ajay@tiffin-iowa.orgViewed: 11/21/2018 1:35:25 PM Deputy City ClerkSigned: 11/21/2018 1:35:29 PM CITY OF TIFFIN, IOWA Signature Adoption: Uploaded Signature Image Security Level: Email, Account Authentication Using IP Address: 69.63.16.128 (None) Electronic Record and Signature Disclosure: Not Offered via DocuSign Steve BernerSent: 11/21/2018 11:58:07 AM steven.lee.berner@gmail.comViewed: 11/23/2018 7:33:43 AM Security Level: Email, Account Authentication Signed: 11/23/2018 7:33:54 AM (None) Signature Adoption: Pre-selected Style Using IP Address: 199.120.91.132 Electronic Record and Signature Disclosure: Accepted: 11/23/2018 7:33:43 AM ID: 98e70e31-c679-4a7a-add8-d81225ea345e In Person Signer EventsSignatureTimestamp Editor Delivery EventsStatusTimestamp Agent Delivery EventsStatusTimestamp Intermediary Delivery EventsStatusTimestamp Certified Delivery EventsStatusTimestamp Carbon Copy EventsStatusTimestamp Notary EventsSignatureTimestamp Envelope Summary EventsStatusTimestamps Envelope SentHashed/Encrypted11/21/2018 11:58:07 AM Certified DeliveredSecurity Checked11/23/2018 7:33:43 AM Signing CompleteSecurity Checked11/23/2018 7:33:54 AM Envelope Summary EventsStatusTimestamps CompletedSecurity Checked11/23/2018 7:33:54 AM Payment EventsStatusTimestamps Electronic Record and Signature Disclosure CONSUMER DISCLOSURE From time to time, CITY OF TIFFIN, IOWA (we, us or Company) may be required by law to provide to you certain written notices or disclosures. 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By checking the ‘I agree’ box, I confirm that: •I can access and read this Electronic CONSENT TO ELECTRONIC RECEIPT OF ELECTRONIC CONSUMER DISCLOSURES document; and •I can print on paper the disclosure or save or send the disclosure to a place where I can print it, for future reference and access; and •Until or unless I notify CITY OF TIFFIN, IOWA as described above, I consent to receive from exclusively through electronic means all notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to me by CITY OF TIFFIN, IOWA during the course of my relationship with you. City of Tiffin To:City Council of Tiffin and Mayor Berner From: Ashley Platz, City Clerk CC: Doug Boldt, City Administrator Date: /2018 Re: Fund Balance Transfers Enclosed you will find an explanation of the final transfers to bring our Capital projects out of deficit. I am presenting these transfers for your approval. I will go in depth with each transfer and explain the expenditures that caused the deficits and then explain where TO REIMBURSEMENT FUND 119 – EMERGENCY FUND This money has been levied frompast budgets that were expensed from the General Fund which was not ever transferred. I will be making a journal entry to reimburse the General fund. GL – ACCOUNTACCOUNT NAMEDEBITS CREDITS 119-910-6910 EMERGENCY FUND –TRANSFER OUT$115,970.04 - D 119-000-1110 EMERGENCY FUND -CASH $115,970.04 - C 001-910-4830 GENERAL FUND – TRANFER IN$115,970.04 -C 001-000-1110 EMERGENCY FUND –CASH $115,970.04 -D FUND 301 – CAPITAL PROJECT FUND Upon reviewing the revenue for this fund, I noticed that the CCA Water/Sewer/Lift Station reimbursement was being received in this fund. We will leave $50k in this fund and transfer the rest into water and sewer evenly as displayed below. GL – ACCOUNTACCOUNT NAMEDEBITS CREDITS 301-910-6910 CAP PROJ FUND – TRANSFER OUT $313289.72- D 301-000-1110 CAP PROJ FUND - CASH $313289.72 -C 600-910-4830 WATER – TRANFER IN $156,644.86 -C 600-000-1110 WATER – CASH$156,644.86 -D 10-910-4830 SEWER – TRANSFER IN $156,644.86 -C 610-000-1110 SEWER - CASH $156,644.86 -D Tiffin City Clerk’s Office 300 Railroad Street | PO Box 259 | Tiffin, IA 52340319.545.2572 | ajay@tiffin-iowa.org FUND 303 –CAP IRELAND AVENUE RELOCATION PROJECTFUND Upon review of this project it appears that most of the proceeds were deposited into the Capital Fund 301 – CAPITAL PROJECT FUND. This was one of the large buckets where most of the money was placed without disbursing them to the appropriate capital funds for each project. With this transfer I will be transferring money from Fund 301 to reimburse Fund 303. Below shows the GL Journal Entry. GL – ACCOUNTACCOUNT NAMEDEBITS CREDITS 301-910-6910 CAP PROJ FUND – TRANSFER OUT $1,563,840.81 - D 301-000-1110 CAP PROJ FUND- CASH $1,563,840.81 -C 303-910-4830 CAP IRELAND AVE RELOC – TRANFER IN $1,563,840.81 -C 303-000-1110 CAP IRELAND AVE RELOC – CASH $1,563,840.81 -D FUND 305 – PARK/BALLFIELD IMPROVEMENT PROJECT Upon review of expenses in this fund, all of these expenses were journal corrections from Tim Long made in FY 15 for the Parks Improvement plan. We have determined to use TIF to reimburse the Capital Fund 305. GL –ACCOUNTACCOUNT NAMEDEBITS CREDITS 125-910-6910 TIF -TRANSFER OUT $373,630.09 - D 125-000-1110 TIF -CASH $373,630.09 - C 305-910-4830 CAP IRELAND AVE RELOC – TRANFER IN $373,630.09 -C 305-000-1110 CAP IRELAND AVE RELOC – CASH $373,630.09 -D FUND 307 - PARK ROAD PAVING PROJECT Upon review of expenses in Fund 307 - Park RD Paving Project. These expenses are engineering fees for Park Rd. We have determined to use TIF to reimburse Capital Fund 307 GL – ACCOUNT ACCOUNT NAMEDEBITS CREDITS 125-910-6910 TIF -TRANSFER OUT $165,458.12 - D 125-000-1110 TIF -CASH$165,458.12 -C 307-910-4830 PARK RD PAVING PJT – TRANFER IN $165,458.12 - C 307-000-1110 PARK RD PAVING PJT – CASH $165,458.12 D FUND 308 – CAP LAND SWAP/WATERSHED Upon review of the expense in this fund. The adjustments made in FY 15 from Interim Administrator Tim Long. We have determined to use TIF to reimburse CAP FUN 308 GL – ACCOUNTACCOUNT NAMEDEBITS CREDITS 125-910-6910 TIF -TRANSFER OUT $179,522.95 - D 125-000-1110 TIF -CASH $179,522.95 - C 308-910-4830 CAP LANDSWAP/WTRSHD – TRANFER IN $179,522.95 - C 308-000-1110 CAP LANDSWAP/WTRSHD – CASH $179,522.95 - D Tiffin City Clerk’s Office 300 Railroad Street | PO Box 259 | Tiffin, IA 52340 319.545.2572 | ajay@tiffin-iowa.org FUND 313 –CAP INDUSTRIAL PARK WATERMAIN EXT Upon review of the expenses in this fund, one payment to Ricklefs Excavating in 2015 for the for the industrial park water main extension. It has been determined that TIF money will reimburse this fund. GL – ACCOUNTACCOUNT NAMEDEBITS CREDITS 125-910-6910 TIF -TRANSFER OUT $21,492.40 - D 125-000-1110 TIF -CASH $21,492.40 - C 313-910-4830 IND PARK WTR MAIN EXT –TRANFER IN$21,492.40 -C 313-000-1110 IND PARK WTR MAIN EXT –CASH$21,492.40 -D FUND 315 –CITY PARKSPROJECT Upon reviewing of the FUND -315 all expenses were for City Parks Project.We will use TIF to reimburse FUND 315. GL – ACCOUNTACCOUNT NAMEDEBITS CREDITS 125-910-6910 TIF -TRANSFER OUT $263,429.41 - D 125-000-1110 TIF -CASH $263,429.41 - C 315-910-4830 CITY PARKS PROJECT – TRANFER IN $263,429.41 - C 315-000-1110 CITY PARKS PROJECT – CASH $263,429.41 - D FUND 324 – CITY POND IMPROVEMENT PJT The expenses in this fund were engineering expenses from both Hart-Frederick and MMS Consultants. We have determined to reimburse this fund with TIF. GL – ACCOUNTACCOUNT NAMEDEBITS CREDITS 125-910-6910 TIF -TRANSFER OUT $11,532.15 - D 125-000-1110 TIF -CASH $11,532.15 - C 324-910-4830 CITY POND IMPRVMNT – TRANFER IN $11,532.15 - C 324-000-1110 CITY POND IMPRVMNT – CASH $11,532.15 - D Tiffin City Clerk’s Office 300 Railroad Street | PO Box 259 | Tiffin, IA 52340 319.545.2572 | ajay@tiffin-iowa.org