I-3 - Resolution 2025-053 - Authorizing the City Clerk to Transfer Funds

RESOLUTION NO. 2025-053 A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS Whereas, the City of Tiffin, Iowa will have the City Clerk transfer funds from Local Option Sales Tax to Employee Benefits as stated below as a result of the passage of the Local Option Sales Tax and the requirement to allocate 50% of the revenue towards property tax relief, FROM TO AMOUNT Local Option Sales Tax (121) Employee Benefits (112) $200,000 Now, therefore be it resolved by the City Council of the City of Tiffin, Iowa to approve the transfer of these funds. On the 20th day of May, 2025, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson _____introduced RESOLUTION NO. 2025-053, A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS and made a motion for approval. Motion seconded by Councilperson____. Ayes: Nays: Absent: Whereupon ___Council members were present and voted approval and Mayor Kasparek declared that the RESOLUTION NO. 2025-053, A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS to be adopted and signified his approval of the same by affixing his signature thereto. Passed by the City Council on the 20th day of May, 2025. City of Tiffin ____________________________ Tim Kasparek, Mayor ATTEST: ________________________________ Abigail Hora, City Clerk