Laserfiche WebLink
CITY OF ORONO <br />�- RESOLUTION OF THE CITY COUNCIL <br />NO.7642 <br />KESH��� <br />RESOLUTION AUTHORIZING TRANSFER OF FUNDS <br />WHEREAS, the City of Orono sometimes transfers funds to balance or close out fund accounts, <br />reimburse funds from another fund, save for capital projects, and to make operating transfers; <br />NOW, THEREFORE, BE IT RESOLVED that the Orono City Council hereby approves the <br />following transfers: <br />Transfer From <br />Transfer To <br />Amount <br />Purpose <br />Reimburse Cable Franchise Fund from the General <br />Fund. Implementation and Republication of Orono <br />Municipal Code Project was approved to be <br />Cable Franchise Fund <br />funded from the Central Service department in the <br />General Fund (101) <br />(614) <br />$17,513.00 <br />General Fund upon project authorization by <br />Council at the September 26, 2022 Council <br />meeting, however, was paid out of the Cable <br />Franchise Fund. Project expenditures were paid <br />between 2022 to 2025. <br />Council directed transfer to reverse the 2023 <br />transfer for the payment of the new Public Works <br />Facilities Fund (440) <br />Water Fund (601) <br />$1,000,000.00 <br />building. The building supports utility function; <br />thus, the original transfer was made to support the <br />new infrastructure. <br />Annual Debt Service transfer for the water portion <br />2014A Debt Service Fund <br />of the 2014A bond. The bond was for the painting <br />Water Fund (601) <br />(322) <br />$90,000.00 <br />of the north water tower, upgrades to both water <br />plants and a second well for the north system to <br />provide additional capacity. <br />Improvement & <br />General Fund (101) <br />Equipment Outlay Fund <br />$125,000.00 <br />Annual Operating Transfer for Capital Purchases <br />(405) <br />General Fund (101) <br />Fleet Fund (701) <br />$52,450.00 <br />Annual Operating Transfer for Capital Purchases <br />Improvement & <br />Sewer Fund (602) <br />Equipment Outlay Fund <br />$100,000.00 <br />Annual Operating Transfer for Capital Purchases <br />(405) <br />Improvement & <br />Stormwater Fund (651) <br />Equipment Outlay Fund <br />$145,000.00 <br />Annual Operating Transfer for Capital Purchases <br />(405) <br />Improvement & <br />Fleet Fund (701) <br />Equipment Outlay Fund <br />$255,000.00 <br />Annual Operating Transfer for Capital Purchases <br />(405) <br />45 <br />