Resolutions-2018-104

City of Tiffin To: City Council of Tiffin and Mayor Berner From: Ashley Platz, City Clerk CC: Doug Boldt, City Administrator Date: 11/2/2018 Re: Fund Balance Transfers Enclosed you will find an explanation of the final transfers to bring our Capital projects out of deficit. I am presenting these transfers for your approval. I will go in depth with each transfer and explain the expenditures that caused the deficits and then explain where TO REIMBURSEMENT FUND 119 – EMERGENCY FUND This money has been levied from past budgets that were expensed from the General Fund which was not ever transferred. I will be making a journal entry to reimburse the General fund. <table> <tr> <th>GL – ACCOUNT</th> <th>ACCOUNT NAME</th> <th>DEBITS</th> <th>CREDITS</th> </tr> <tr> <td>119-910-6910</td> <td>EMERGENCY FUND – TRANSFER OUT</td> <td>$115,970.04 - D</td> <td></td> </tr> <tr> <td>119-000-1110</td> <td>EMERGENCY FUND - CASH</td> <td></td> <td>$115,970.04 - C</td> </tr> <tr> <td>001-910-4830</td> <td>GENERAL FUND – TRANSFER IN</td> <td></td> <td>$115,970.04 - C</td> </tr> <tr> <td>001-000-1110</td> <td>EMERGENCY FUND – CASH</td> <td>$115,970.04 -D</td> <td></td> </tr> </table> FUND 301 – CAPITAL PROJECT FUND Upon reviewing the revenue for this fund, I noticed that the CCA Water/Sewer/Lift Station reimbursement was being received in this fund. We will leave $50k in this fund and transfer the rest into water and sewer evenly as displayed below. <table> <tr> <th>GL – ACCOUNT</th> <th>ACCOUNT NAME</th> <th>DEBITS</th> <th>CREDITS</th> </tr> <tr> <td>301-910-6910</td> <td>CAP PROJ FUND – TRANSFER OUT</td> <td>$313289.72 - D</td> <td></td> </tr> <tr> <td>301-000-1110</td> <td>CAP PROJ FUND - CASH</td> <td></td> <td>$313289.72 - C</td> </tr> <tr> <td>600-910-4830</td> <td>WATER – TRANSFER IN</td> <td></td> <td>$156,644.86 - C</td> </tr> <tr> <td>600-000-1110</td> <td>WATER – CASH</td> <td>$156,644.86 -D</td> <td></td> </tr> <tr> <td>10-910-4830</td> <td>SEWER – TRANSFER IN</td> <td></td> <td>$156,644.86 - C</td> </tr> <tr> <td>610-000-1110</td> <td>SEWER – CASH</td> <td>$156,644.86 -D</td> <td></td> </tr> </table>