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Home My Public Portal AboutR3645 FIN Transfer Fund Balance FY21 revisedRESOLUTION NO. 3645 A RESOLUTION, transferring fund balances and authorizing an additional appropriation of $2,048,000 to Debt Service Fund 2833. This resolution will transfer Twenty Thousand Dollars ($20,000.00) from Debt Service Fund 2812 to Debt Service Fund 2833; Thirty- Nine Thousand Dollars ($39,000.00) from Debt Service Fund 2816 to Debt Service Fund 2833; Seven Thousand Dollars ($7,000.00) from Debt Service Fund 2817 to Debt Service Fund 2833; Seventeen Thousand Dollars ($17,000.00) from Debt Service Fund 2818 to Debt Service Fund 2833; Six Thousand Dollars ($6,000.00) from Debt Service Fund 2819 to Debt Service Fund 2833; Nine Hundred Thirty-Three Thousand Dollars ($933,000.00) from Debt Service Fund 2822 to Debt Service Fund 2833; Thirteen Thousand Dollars ($13,000.00) from Debt Service Fund 2825 to Debt Service Fund 2833; Twenty Thousand Dollars ($20,000.00) from Debt Service Fund 2826 to Debt Service Fund 2833; Three Hundred Forty-Three Thousand Dollars ($343,000.00) from Debt Service Fund 2827 to Debt Service Fund 2833; Six Hundred Fifty Thousand Dollars ($650,000.00) from the General Fund 1101 to Debt Service Fund 2833. This resolution will also transfer Twenty-One Thousand Dollars ($21,000.00) from Debt Service Fund 2824 to the General Fund 1101; Forty-Five Thousand Dollars ($45,000.00) from Debt Service Fund 2828 to the General Fund 1101; Forty Thousand Dollars ($40,000.00) from Debt Service Fund 2829 to Debt Service Fund 2834 and Thirty-Five Thousand Dollars ($35,000.00) from Debt Service Fund 2829 to Debt Service Fund 2835 and Seventeen Thousand Dollars ($17,000.00) from Debt Service Fund 2829 to the General Fund 1101; Two Hundred Nine Thousand Dollars ($209,000.00) from Debt Service Fund 2832 to Debt Service Fund 2804 and Seven Hundred Ninety-One Thousand Dollars ($791,000.00) from Debt Service Fund 2832 to the General Service 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 are unencumbered balances in the above-named funds 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 Two Million Forty-Eight Thousand Dollars ($2,048,000.00) is hereby transferred and appropriated into Debt Service Fund 2833 in the amount of Twenty Thousand Dollars ($20,000.00) from Debt Service Fund 2812, Thirty-Nine Thousand Dollars ($39,000.00) from Debt Service Fund 2816, Seven Thousand Dollars ($7,000.00) from Debt Service Fund 2817, Seventeen Thousand Dollars ($17,000.00) from Debt Service Fund 2818, Six Thousand Dollars ($6,000.00) from Debt Service Fund 2819, Nine Hundred Thirty-Three Thousand Dollars ($933,000.00) from Debt Service Fund 2822, Thirteen Thousand Dollars ($13,000.00) from Debt Service Fund 2825, Twenty Thousand Dollars ($20,000.00) from Debt Service Fund 2826, Three Hundred Forty-Three Thousand Dollars ($343,000.00) from Debt Service Funds 2827 and Six Hundred Fifty Thousand Dollars ($650,000.00) from the General Fund 1101. The total sum of Eight Hundred Seventy-Four Thousand Dollars ($874,000.00) is also hereby transferred into the General Fund 1101 in the amount of Twenty-One Thousand Dollars ($21,000.00) from Debt Service Fund 2824, Forty-Five Thousand Dollars ($45,000.00) from Debt Service Fund 2828, Seventeen Thousand Dollars ($17,000.00) from Debt Service Fund 2829 and Seven Hundred Ninety-One Thousand Dollars ($791,000.00) from Debt Service Fund 2832; The total sum of Two Hundred Nine Thousand Dollars ($209,000.00) is also hereby transferred into Debt Service Fund 2804 from Debt Service Fund 2832; The total sum of Forty Thousand Dollars ($40,000.00) is also hereby transferred into Debt Service Fund 2834 from Debt Service Fund 2829; The total sum of Thirty-Five Thousand Dollars ($35,000.00) is also hereby transferred into Debt Service Fund 2835 from Debt Service Fund 2829. Metropolitan St. Louis Sewer District 2020-2021 Fund Balance Transfer Senior Debt Service Funds Transfer from: Major Fund Name Fund Natural Account Amount Debt Service Fund 2010B 2812 48100 $20,000 Debt Service Fund 2011B 2816 48100 $39,000 Debt Service Fund 2012A 2817 48100 $7,000 Debt Service Fund 2012B 2818 48100 $17,000 Debt Service Fund 2013B 2819 48100 $6,000 Debt Service Fund 2015B 2822 48100 $933,000 Debt Service Fund 2016C 2825 48100 $13,000 Debt Service Fund 2017A 2826 48100 $20,000 Debt Service Fund 2018A 2827 48100 $343,000 General Fund 1101 48100 $650,000 Total Transferred $2,048,000 Transfer to: Major Fund Name Fund Natural Account Amount Debt Service Fund 2020B 2833 48100 $2,048,000 Total Received $2,048,000 Subordinate Debt Service Funds Transfer from: Major Fund Name Fund Natural Account Amount Debt Service Fund 2016B 2824 48100 $21,000 Debt Service Fund 2018B 2828 48100 $45,000 Debt Service Fund 2019A 2829 48100 $92,000 Debt Service Fund 2020A 2832 48100 $1,000,000 Total Transferred $1,158,000 Transfer to: Major Fund Name Fund Natural Account Amount General Fund 1101 48100 $874,000 Debt Service Fund 2011A 2804 48100 $209,000 Debt Service Fund 2021A 2834 48100 $40,000 Debt Service Fund 2021B 2835 48100 $35,000 Total Received $1,158,000 The foregoing Resolution was adopted on March 11, 2021.