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Home My WebLink About2023-07-10 J01K FY2023 TransfersAGENDA ITEM: CITY OF WAUKEE, IOWA CITY COUNCIL MEETING COMMUNICATION MEETING DATE: July 10, 2023 AGENDA ITEM:Consideration of approval a resolution approving FY2023 Transfers. FORMAT:Consent Agenda SYNOPSIS INCLUDING PRO & CON: Historically the Council has approved Transfers through the budget process. However, State Administrative Rule ARC- 4334C effective April 17, 2019, requires Council approval of every transfer by resolution. Resolution is required to include: fund transfer is from (originating) fund transfer is to (receiving) $ amount purpose for the transfer. FISCAL IMPACT INCLUDING COST/BENEFIT ANALYSIS:None COMMISSION/BOARD/COMMITTEE COMMENT: STAFF REVIEW AND COMMENT: Staff recommends approving the FY2023 Transfer resolution. . RECOMMENDATION: Approve the resolution. ATTACHMENTS: I. Exhibit A – FY23 Transfers PREPARED BY:Linda Burkhart REVIEWED BY: PUBLIC NOTICE INFORMATION – NAME OF PUBLICATION: NA DATE OF PUBLICATION: J1K THE CITY OF WAUKEE, IOWA RESOLUTION 2023- APPROVING FY2023 TRANSFERS IN THE NAME AND BY THE AUTHORITY OF THE CITY OF WAUKEE, IOWA WHEREAS, the City of Waukee annually adopts transfer amounts for each fiscal year during the budget and budget amendment process; AND, WHEREAS, this resolution approves total FY2023 transfers of $15,686,074.09; AND, WHEREAS, per State Administrative Rule #ARC-4334C, effective April 17, 2019, the City’s Finance Director recommends the FY2023 Transfers as presented in Exhibit A be authorized at this time; AND, NOW THEREFORE BE IT RESOLVED by the City of Waukee City Council in session this 10th day of July 2023 that it hereby authorized the FY2023 Transfers in Exhibit A, and instructs the Finance Director to transfer the appropriate amounts. ____________________________ Courtney Clarke, Mayor Attest: ___________________________________ Rebecca D. Schuett, City Clerk RESULTS OF VOTE: AYE NAY ABSENT ABSTAIN Anna Bergman Pierce R. Charles Bottenberg Chris Crone Larry R. Lyon Ben Sinclair Xfer Xfer Xfer Xfer From Fund (Out)To Fund (In)Purpose Out In Out In 010.00.0000.3980300 TIF-URA2000 General Fund -$ 010-00.0000.3980600 Captial Projects General Fund Civic Campus Final Land Purchase 2,600,000.00$ 010.00.0000.3989000 Employee Benefits General Fund Employee Benefits Levy 3,000,000.00$ 010-00.0000.3987000 Equip Revolving General Fund Close Out Fund 810 - Public Works 23,040.94$ 010-60.8400.3989010 Equip Revolving General Fund Electronic Timekeeping System / Close Out Fund 810 - Finance 96,785.89$ 010.60.8400.970100 Gneeral Fund Equip Revolving Commerce Bank Revenue Share - FY21 Set Aside 060-30.7100.971300 Road Use Fund Capital Projects Public Works Building Expansion 120-30.7850.970500 TIF-North Residential Debt Service 2021A/2021B/2022A Bond Principal/Interest/Fees 247,572.05$ 121.50.7850.970500 TIF-Hickman West Debt Service 2014A Bond Principal/Interest/Fees 568,106.00$ 093.30.7850.970500 TIF-URA2000 Debt Service 2021A Bond Principal/Interest/Fees 093-30.7850.970600 TIF-URA2000 General Fund LMI - Reimbursment for Affordable Housing Land Purchase 124-30.7850.970500 TIF-Gateway Debt Service 2019A/2020A/2021A/2021B/2022A Bond Principal/Interest/Fees 1,971,655.69$ 125.30.7850.970500 TIF-Autumn Ridge Debt Service 2018A Bond Principal/Interest/Feee 493,672.00$ 095.30.7850.970600 TIF-Autumn Ridge General Fund LMI - Reimbursment for Affordable Housing Land Purchase 110.30.7800.3980100 Water Fund Debt Service 2014A Bond Principal/Interest/Fees 137,138.00$ 110-30.7800.3980211 LOST Fund Debt Service 2018A/2020B Bond Principal/Interest 1,169,219.00$ 110.30.7800.3980300 TIF-URA2000 Debt Service 2021A Bond Principal/Interest/Fees 110-30.7800.3980305 TIF-North Residential Debt Service 2021A/2021B/2022A Bond Principal/Interest/Fees 247,572.05$ 110.30.7800.3980310 TIF-Hickman West Debt Service 2014A Bond Principal/Interest/Fees 568,106.00$ 110.30.7800.3980321 TIF-Gateway Debt Service 2019A/2020A/2021A/2021B/2022A Bond Principal/Interest/Fees 1,971,655.69$ 110.30.7800.3980322 TIF-Autumn Ridge Debt Service 2018A Bond Principal/Interest/Fees 493,672.00$ 110-30.7800.3980600 Capital Projects Debt Service WDSM - Ashworth Road Reimbursement 110.30.7800.3980950 Storm Water Fund Debt Service 2021A Bond Principal/Interest/Fees 147,700.00$ 210.50.8400.970600 Employee Benefits General Fund Employee Benefits Levy 3,000,000.00$ 211-00.0000.970500 LOST Fund Debt Service 2018A/2020B Bond Principal/Interest/Fees 1,169,219.00$ 212-00.0000.971300 Project Imprv Fund Capital Projects Triumph Park Project 327-90.2160.3980060 Road Use Fund Capital Projects Public Works Building Expansion 327-90.2160.3980100 Water Fund Capital Projects Public Works Building Expansion 830,000.00$ 327-90.2160.3980200 Sewer Fund Capital Projects Public Works Building Expansion 2,750,000.00$ 327-90.2160.3980400 Gas Fund Capital Projects Public Works Building Expansion 1,550,000.00$ 327-90.2200.970500 Capital Projects Debt Service WDSM - Ashworth Road Reimbursement 327-90.2200.970600 Capital Projects General Fund Civic Campus Final Land Purchase 2,600,000.00$ 510.30.6510.970800 Water Fund Debt Service 2014A Bond Principal/Interest/Fees 137,138.00$ 510-30.6510.398700 Equip Revolving Water Fund Close Out Fund 810 - Water 30,258.08$ 510-30.6510.971300 Water Fund Capital Projects Public Works Building Expansion 830,000.00$ 520-30.6520.3987000 Equip Revolving Sewer Fund Close Out Fund 810 - Sewer 58,487.15$ 520.30.6520.971300 Sewer Fund Capital Projects Public Works Building Expansion 2,750,000.00$ 540.30.6540.3987000 Equip Revolving Gas Fund Close Out Fund 810 - Gas 12,439.29$ 540-30.6540.971300 Gas Fund Capital Projects Public Works Building Expansion 1,550,000.00$ 560.80.5300.970500 Storm Water Fund Debt Service 2021A Bond Principal/Interest/Fees 147,700.00$ 560-80.5300.3980600 Capital Projects Storm Water Library Project 810.50.8400.3988400 General Fund Equip Revolving Commerce Bank Revenue Share - FY22 Set Aside 810-50.6000.970100 Equip Revolving General Fund Close Out Fund 810 - Public Works 23,040.94$ 810-50.6510.970600 Equip Revolving Water Fund Close Out Fund 810 - Water Fund 30,258.08$ 810-50.6520.970600 Equip Revolving Sewer Fund Close Out Fund 810 - Sewer Fund 58,487.15$ 810-50.6540.970600 Equip Revolving Gas Fund Close Out Fund 810 - Gas Fund 12,439.29$ 810-50.8400.970600 Equip Revolving General Fund Electronic Timekeeping System / Close Out Fund 810 - Finance 96,785.89$ 12,405,068.35$ 15,686,074.09$ 3,281,005.74$ -$ Actual Total In's:15,686,074.09$ Total Out's:15,686,074.09$ Exhibit A - FY2023 Transfers Total TIF