HomeMy WebLinkAbout24-029 Resolution Authorizing 2023 Year End Transfers4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 24-029
A RESOLUTION AUTHORIZING 2023 YEAR END TRANSFERS
Motion By: Lake Second By: Churchill
WHEREAS, during the process of closing the financial records for 2023, transfers may be
necessary to account for project balances in the construction fund that have
partial funding from the utility funds, balances that can be transferred to a debt
service fund or another project in accordance with the applicable bond
resolution. etc. Transfers may also be necessary to close debt service funds
after final debt service payment has been made, or to consolidate funds; and
WHEREAS, the final debt service payments were made in Funds 560, 564, 567 and 571 in
December 2023. The debt service funds can now be closed, and residual
balances transferred as detailed in the table below.
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1.The recitals set forth above are incorporated herein.
2.The transfer of funds is hereby authorized and effective as outlined in the tables below:
Close Debt Service Funds effective as of 12/31/2023:
M:\2- City Clerk\City Council\Resolutions\2024\24-029 Resolution Authorizing 2023 Year End Transfers.docx 2
Passed and adopted by the Prior Lake City Council this 26th day of March 2024.
VOTE Briggs Braid Burkart Churchill Lake
Aye ☐ ☒ ☐ ☒ ☒
Nay ☐ ☐ ☐ ☐ ☐
Abstain ☐ ☐ ☐ ☐ ☐
Absent ☒ ☐ ☒ ☐ ☐
______________________________
Jason Wedel, City Manager