HomeMy Public PortalAbout2023-062 Resolution Approving Additional FY23 Fund Transfers - FailedFAILED ON 08/22/2023
City of Riverdale, Iowa
110 Manor Drive, Riverdale, Iowa 52722 (563) 355-2511 www.riverdaleia.org
RESOLUTION 2023-062
Resolution Approving Additional FY23 Fund Transfers
WHEREAS, the City of Riverdale, Iowa (City), is a Municipal Corporation, organized and operating under
the laws of the State of Iowa; and,
WHEREAS, on July 11, 2023, in Resolution 2023-052 Resolution Approving FY23 Fund Transfers, Council
approved transfers between several funds; and,
WHEREAS, subsequent to those transfers, the Clerk worked with gWorks to correct other errors in the
City's accounting software, including the funds to which property taxes were deposited, and those
corrections necessitate additional fund transfers; and,
WHEREAS, the Clerk's recommended transfers are outlined in the attached spreadsheet, which is made
part of this Resolution.
NOW THERE FOR IT BE RESOLVED that:
Section 1. City Council approves the attached fund transfers recommended by the Clerk.
Section 2. The Clerk is directed to make the above noted fund transfers retroactive to June 30, 2023.
Passed and approved this 25th day of July 2023.
APPROVED: ATTEST:
______________________________________________ ______________________________________________
Anthony Heddlesten, Mayor Kelly Krell, Clerk
OUT IN BALANCE DESCRIPTION PURPOSE
FUND 305 3,357.00$ (4,747.50)$ STATE PROJ
FUND 125 3,357.00$ -$ STATE TIF To zero out the 125 Fund, due to corrections from previous fiscal years.
FUND 300 35,003.92$ 17,744.99$ CAP LEVY
FUND 301 35,003.92$ 383,374.24$ CAP IMPR Reduce YE Transfers from previous resolution # 2023-052 due to corrections.
FUND 300 17,744.99$ -$ CAP LEVY
FUND 305 4,747.50$ -$ STATE PROJ To cover STATE Street TIF Project to expenses from previous years.
FUND 307 12,997.49$ -$ FENNO PROJ To cover FENNO TIF Project Ahler's & Cooney Expenses to establish.
TOTAL 56,105.91$ 56,105.91$
OUT IN
FUND 125 3,357.00$
FUND 300 17,744.99$ 35,003.92$
FUND 301 35,003.92$
FUND 305 3,357.00$ 4,747.50$
FUND 307 12,997.49$
TOTAL 56,105.91$ 56,105.91$