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06.j Resolution No. 04-18-23-01 Close Debt Service Funds 307_315_317 RESOLUTION NO. 04-17-23-01 A RESOLUTION TO CLOSE OUT DEBT SERVICE FUNDS 307, 315 AND 317 THAT HAVE BEEN PAID IN FULL WHEREAS, the City of Scandia has paid in full the General Obligation Bond of 2007 in 2017, the Equipment Certificate of 2015 in 2020, and the Equipment Certificate of 2017 in 2022; and WHEREAS, as of 12/31/22 there was a remaining balance in Fund 307 cash account of $6,730.52; and WHEREAS, as of 12/31/22 there is a remaining balance in Fund 315 cash account of $15,951.35; and WHEREAS, as of 12/31/22 there is a remaining balance in Fund 317 cash account of $2,187.46, and WHEREAS, the remaining balances were transferred into Fund 318 at the close of fiscal year 2022; NOW, THEREFORE; BE IT RESOLVED, that the city council of the City of Scandia agrees to close out these funds and transfer any remaining funds to its 2018 Street Reconstruction Fund 318 cash account, with an effective date of December 31, 2022. Adopted and passed this 18th day of April, 2023 by order of the Scandia City Council. ___________________________ Christine Maefsky, Mayor ATTEST: _________________________________ Kyle Morell, City Administrator