Title
Amending the City General Fund to budget a transfer in of available balances from the HRA.
Body
Whereas, the City General Fund experienced significant, unplanned expenses in 2025; and
Whereas, the City is taking every measure to limit spending and ensure the General Fund remains on budget in 2025; and
Whereas, the Housing and Redevelopment Authority (HRA) has identified available balances that are eligible to be transferred to the City General Fund; and
Whereas, prior to transfer of any funds, City staff will share information and analysis on the need for the transfer with the HRA Board; and
Whereas, the Mayor, pursuant to Section 10.07.01 of the Charter of the City of Saint Paul, does certify that there are available for appropriation funds of $1,350,000 in excess of those budgeted in 2025, now, therefore be it
Resolved, by the City Council that $1,350,000 is available for transfer in the 2025 budget, and said amended budget is heretofore adopted by the City Council as outlined in the attached financial analysis.
Financial Analysis
See attachment.