HomeMy WebLinkAboutResolution 7689 Authorizing Transfer of Funds �OAO CITY OF ORONO
RESOLUTION OF THE CITY COUNCIL
y* NO. 7689
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RESOLUTION AUTHORIZING
TRANSFER OF FUNDS
WHEREAS,the City of Orono 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 for the 2026 fiscal year:
Transfer From Transfer To Amount Purpose
Water Fund(601) 2014A Debt Service $90,000.00 Annual Debt Service transfer for the
Fund(322) water portion of the 2014A bond. The
bond was for the painting of the north
water tower,upgrades to both water
plants and a second well for the north
system to provide additional capacity.
General Fund(101) Improvement& $210,000.00 Annual budgeted Operating Transfer
Equipment Outlay for Capital Purchases.
Fund(405)
General Fund(101) Fleet Fund(701) $75,000.00 Annual budgeted Operating Transfer
for Capital Purchases.
General Fund(101) IT Service Fund $35,000.00 Annual budgeted Operating Transfer
(710) for Capital Purchases.
Sewer Fund(602) Improvement& $105,000.00 Annual budgeted Operating Transfer
Equipment Outlay for Capital Purchases.
Fund(405)
General Fund (101) MSA Fund(402) $2,153.00 Reimbursement of MSA State Aid
revenue from bridge inspection that
was mistakenly coded to the General
Fund Revenue in 2025.
MSA Fund(402) General Fund(101) $1,504,286.00 Pay off interfund loan from the
General Fund to the MSA Fund
created back in 2018 related to the
Old Crystal Bay Road Project.
Stormwater Fund Pavement $5,856.00 Transfer for 2023 Street
(651) Management Fund Improvement Project for Fox Street
(435) 21-040.
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‘ O�O CITY OF ORONO
RESOLUTION OF THE CITY COUNCIL
s� ENO. 7689
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Stormwater Fund Pavement $ Transfer for 2024 Street
(651) Management Fund 30,002.50 Improvement Project 24-001.
(435)
Facilities Fund(440) Fire Capital Fund $88,400.00 Transfer for facilities related
(415) expenditure for the Willow Fire
Station to replace five new HVAC
units. Expenditure was approved at
the October 27, 2025 Council
Meeting.
Adopted by the City Council of Orono, Minnesota at a regular meeting held on June 22, 2026.
ATTEST' CITY OF ORONO
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Cirri us}an, Clerk Bob Tunheim, Mayor