HomeMy Public PortalAbout2023-124 Resolution Approving FY24 Fund TransfersRESOLUTION 2023-124
Resolution Approving FY24 Fund Transfers
WHEREAS, it is in the City's best interest, and is standard operating procedure, to make transfers
between funds throughout the fiscal year; and,
WHEREAS, the Clerk recommends the following fund transfers:
Fund
#
Fund Name
Current Fund
Balance
Transfer Amount
Projected Fund
Balance
300
Capital Improvements Levy
$ 22,990.05
- $22,990.04
$ 0.01
302
Road Replacement Reserved
$ 57,424.60
+ $11,495.02
$ 68,919.62
303
Fire Equipment Replacement
Reserved
$120,174.39
+ $11,495.02
$131,669.41
126
Welch Farms TIF
$ 59,312.89
- $59,312.89
$ 0.00
145
T F to Moderate Income
$ 10,718.67
+ $37,405.15
$ 48,123.82
306
Welch Capital Projects TIF
- $134,284.74
+ $21,907.74
- $112,377.00
NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Riverdale, Iowa, that:
Section 1.
Section 2.
City Council approves the attached fund transfers recommended by the Clerk.
The Clerk is directed to make the above noted fund transfers no later than December 31,
2023.
Passed and approved this 12th day of December 2023.
APPRO'MED: ATTEST:
k
Anthony Heddlesten, Mayor Kelly Krell,Ce}
City of Riverdale, Iowa
110 Manor Drive, Riverdale, Iowa 52722 1 (563) 355-2511 1 www.riverdaleia.org