Generally, interfund transfers are made to fund capital projects and made from special revenue funds as required by Iowa Code and City ordinance.

Effective April 17, 2019, the Administrative Code for the State of Iowa was changed as it relates to interfund transfers.  The Code now requires all interfund transfers must be approved by Council resolution.  A fund transfer resolution must be completed for all transfers between funds and must include the purpose for the transfer, the name of the fund from which the transfer is origination, the name of the fund into which the transfer is to be received and the dollar amount of the transfer.

For FY19 and FY20, transfer resolutions will be brought forward for approval as part of the amended budget and as needed.

For FY21, transfer resolutions will be included with original adopted budget and the amended budget.  Any additional transfers will be brought forward as needed.

This resolution allows the City to transfer dollars between funds for purposes outlined on the attached schedule.