26-044 Adopt Resolution Authorizing 2025 Year End Transfers

Summary

The resolution authorizes the transfer of funds to account for project balances in the construction fund and to close debt service funds after final debt service payment has been made. The transfers are necessary to close the financial records for 2025. The resolution approves the transfer of residual balances from Fund 562 to Fund 568.

Details

Subject

2025 Year End Transfers

Summary

The resolution authorizes the transfer of funds to account for project balances in the construction fund and to close debt service funds after final debt service payment has been made. The transfers are necessary to close the financial records for 2025. The resolution approves the transfer of residual balances from Fund 562 to Fund 568.

Vote Detail

5-0

Vote Result

passed

Adopting Body

Prior Lake City Council

Adoption Date

2026-03-24

Resolution Number

26-044