HomeMy WebLinkAboutResolution 7642 Funds TransfersCITY OF ORONO
RESOLUTION OF THE CITY COUNCIL
No. 7642
RESOLUTION AUTHORIZING TRANSFER OF FUNDS
WHEREAS, the City of Orono sometimes transfers funds to balance or close out fund accounts,
reimburse funds from another fund, save for capital projects, and to make operating transfers;
NOW, THEREFORE, BE IT RESOLVED that the Orono City Council hereby approves the
following transfers:
Transfer From
General Fund (101)
Facilities Fund (440)
Water Fund (601)
Transfer To
Cable Franchise Fund
(614)
Water Fund (601)
2014A Debt Service Fund
(322)
Improvement &
General Fund (101) Equipment Outlay Fund
(405)
General Fund (101)
Sewer Fund (602)
Stormwater Fund (651)
Fleet Fund (701)
Fleet Fund (701)
Improvement Q.
Equipment Outlay Fund
(405)
Improvement &
Equipment Outlay Fund
(405)
Improvement &
Equipment Outlay Fund
(405)
Amount ,Purpose
Reimburse Cable
Franchise Fund from the General
Fund. Implementation and Republication of Orono
Municipal Code Project was approved to be
funded from the Central Service department in the
$17,513.00 General Fund upon project authorization by
Council at the September 26, 2022 Council
meeting, however, was paid out of the Cable
Franchise Fund. Project expenditures were paid
between 2022 to 2025.
Council directed transfer to reverse the 2023
transfer for the payment of the new Public Works
$1,000,000.00 building. The building supports utility function;
thus, the original transfer was made to support the
new infrastructure.
Annual Debt Service transfer for the water portion
of the 2014A bond. The bond was for the painting
$901000.00 of the north water tower, upgrades to both water
plants and a second well for the north system to
provide additional capacity.
$125,000.00 Annual Operating Transfer for Capital Purchases
$52,450.00 Annual Operating Transfer for Capital Purchases
$100,000.00 Annual Operating Transfer for Capital Purchases
$145,000.00 Annual Operating Transfer for Capital Purchases
$255,000.00 Annual Operating Transfer for Capital Purchases
Amount ,Purpose
Reimburse Cable
Franchise Fund from the General
Fund. Implementation and Republication of Orono
Municipal Code Project was approved to be
funded from the Central Service department in the
$17,513.00 General Fund upon project authorization by
Council at the September 26, 2022 Council
meeting, however, was paid out of the Cable
Franchise Fund. Project expenditures were paid
between 2022 to 2025.
Council directed transfer to reverse the 2023
transfer for the payment of the new Public Works
$1,000,000.00 building. The building supports utility function;
thus, the original transfer was made to support the
new infrastructure.
Annual Debt Service transfer for the water portion
of the 2014A bond. The bond was for the painting
$901000.00 of the north water tower, upgrades to both water
plants and a second well for the north system to
provide additional capacity.
$125,000.00 Annual Operating Transfer for Capital Purchases
$52,450.00 Annual Operating Transfer for Capital Purchases
$100,000.00 Annual Operating Transfer for Capital Purchases
$145,000.00 Annual Operating Transfer for Capital Purchases
$255,000.00 Annual Operating Transfer for Capital Purchases
ADOPTED this 10th day of November 2025, by the City Council of the City of Orono.
ATTEST:
Christine u ' ,City fk Bob Tunheim3 Mayor