HomeMy Public PortalAboutR3872 FIN FY23 Year-End Interfund Transfers of Available AppropriationsR E S O L U T I O N NO. 3872
A RESOLUTION, transferring unencumbered appropriated balances totaling Three
Million Four Hundred Eight Thousand Five Hundred Fifty-four Dollars and Seven Cents
($3,408,554.07) from the General Insurance Fund #4105, 2023B WIFIA Project Bond Fund
#6844, Districtwide Stormwater Fund #5120, and the Sanitary Replacement Fund #6660 to the
Water Backup Insurance Fund #4104, Improvement Fund #4102, General Insurance Fund #4105,
Wastewater Emergency Fund #4122, Stormwater Regulatory Fund #5110, Wellston OMCI Fund
#5589, and Maline Creek OMCI Fund #5576; and transferring fund balances totaling Six
Thousand Eight Hundred Thirty-one Dollars and Fifteen Cents ($6,831.15) from the Districtwide
Stormwater Fund #5120 to the Watkins Creek OMCI Fund #5587, to allow for the proper
classification of expenses in the District’s year-end financial statements.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF
THE METROPOLITAN ST. LOUIS SEWER DISTRICT that:
Section One: That the total sum of Three Million Four Hundred Eight Thousand
Five Hundred Fifty-four Dollars and Seven Cents ($3,408,554.07) of unencumbered
appropriations is hereby transferred from the funds and in the amounts as indicated in the following
table.
The following amounts are available for a transfer of appropriations:
Fund Cost Center Natural Account Business Line
(xxxx) (xxxxx) (xxxxx) (xxxxx) Amount
4105 00102 54130 - Bond & Liability Insurance 00 $1,328,500.00
6844 00202 58040 - Debt Issue Cost 00 $1,200,000.00
4105 00103 54400 - Judgments & Claims Settlements 00 $400,000.00
4105 00104 51110 - Workers' Comp Settlements 00 $185,000.00
5120 00109 59205 - SW CIRP Interfund Labor 20 $154,962.24
6660 00109 59206 - WW CIRP Interfund Labor 10 $140,091.83
Total Transfer From: $3,408,554.07
That the total sum of Three Million Four Hundred Eight Thousand Five Hundred
Fifty-four Dollars and Seven Cents ($3,408,554.07) of unencumbered appropriations is hereby
transferred to the funds and in the amounts as indicated in the following table.
The following amounts are additional appropriations needed:
Fund Cost Center Natural Account Business Line
(xxxx) (xxxxx) (xxxxx) (xxxxx) Amount
4104 00105 54922 - Overcharged Main (OC) Claims Paid 00 $2,882,000.00
4105 00104 54390 - Hospital & Medical Services 00 $199,500.00
4122 00109 59206 - WW CIRP Interfund Labor 10 $137,998.47
5576 00109 59205 - SW CIRP Interfund Labor 20 $99,229.09
5110 00109 59205 - SW CIRP Interfund Labor 20 $52,857.85
4104 00105 54912 - Blocked Main (BM) and Sewer Backup (SBU) Claims Paid 00 $23,000.00
4105 00103 54520 - Professional Service 00 $6,000.00
4105 00104 54520 - Professional Service 00 $3,000.00
5589 00109 59205 - SW CIRP Interfund Labor 20 $2,875.30
4102 00109 59206 - WW CIRP Interfund Labor 10 $2,093.36
Total Transfer To: $3,408,554.07
That the total sum of Six Thousand Eight Hundred Thirty-one Dollars and Fifteen
Cents ($6,831.15) of fund balance is hereby transferred from the Districtwide Stormwater Fund
#5120 to the Watkins Creek OMCI Fund #5587.
The following amounts are available for a transfer of funds:
Fund Cost Center Natural Account Business Line
(xxxx) (xxxxx) (xxxxx) (xxxxx) Amount
5120 00000 48120 – Fund Transfer 20 $6,831.70
Total Available Funds for Transfer: $6,831.70
The following amounts are additional funds needed:
Fund Cost Center Natural Account Business Line
(xxxx) (xxxxx) (xxxxx) (xxxxx) Amount
5587 00000 48120 – Fund Transfer 20 $6,831.70
Total Funds Needed: $6,831.70
The foregoing Resolution was adopted January 11, 2024