12/21/2015 Meeting Minutes - Laserfiche WebLink

Home Browse Search

Minutes of the Regular Meeting of Council Monday, December 21, 2015 Page 9 Council President Marrie stated, we will now do the transfers. Mr. Wynne can you describe these? Mr. Wynne stated, when we put the budget together for the year, there are various projects that take place out of different funds. We are always required to transfer money out of the General Fund to those Funds to cover the cost of our projects. We put the transfers in the budget at the beginning of the year and then are required to go through the process of having Council officially approve the final transfer numbers once the projects are completed at the end of the year. That's what all these motions are going to cover right now. Council President Marrie stated, we are going to do them in groups rather than breaking them down and voting on each individual one. TRANSFERS Maior Infrastructure and Critical Building Maintenance/Repair Motion to authorize transfer from the: ^ General Fund to the Street Construction Maintenance and Repair Fund to cover salt purchases, traffic signal mast arms, the Civic Center parking lot and the 2015 road program the sum of Two Million Six Hundred Thirty Thousand Dollars ($2,630,000) ^ Sanitary Sewer Conversion Fund to the Sanitary Sewer Relief Fund of excess funds to provide for future projects the sum of Eight Hundred Twenty Two Thousand Four Hundred Sixty Nine Dollars ($822,469). ^ General Fund to the Infrastructure Improvement Fund to cover future costs relating to addressing Village flooding issues and various D&I projects the sum of One Million Two Hundred Thousand Dollars ($1,200,000). ^ General Fund to the Community Room Fund to cover the cost of construction the sum of Nine Hundred Seventy Five Thousand Dollars ($975,000). ^ General Fund to the Civic Center Fund to cover future capital needs the sum of One Hundred Thousand Dollars ($100,000). ^ General Fund to the Capital Improvement Fund to cover the cost of building renovations (Fire and ODOT), neighborhood entryways and the SOM sidewalk project the sum of Four Hundred Thirty-Five Thousand Dollars ($435,000).