06- Transfers OutTRANSFERS OUT
Transfers are one of the main sources of financing the Building and Park Improvement Funds
as part of the City's Capital Improvement Program (CIP).
In 2024, transfers include $600,000 for the building improvement fund, $1,200,000 for the
increased cost of equipment, $425,000 to the park improvement fund, $1,000,000 for street
overlays and future Infrastructure Renewal Plan, and $150,000 for financial software
purchased with the LOGIS consortium. All transfers and projects are outlined in the
2024-2033 Capital Improvement Plan.
DIVISION: Transfers Out(004)
OBJECT DESCRIPTION
Transfers Out
7110 Permanent Transfers:
Permanent Transfers:
TOTAL Transfers
CITY OF GOLDEN VALLEY
2023 - 2024 OPERATING BUDGET
PROGRAM: Transfers Out (1025)
2024% 2025%
2021 2022 2023 2023 2024 2024 2025 OVER 2023 Over 2024
ACTUAL ACTUAL ADOPTED ESTIMATED CONCEPT ADOPTED CONCEPT ADOPTED PROPOSED
$6,167,580 $3,362,910 $0 $0 $0 $3,375,000 $0 0.00%-100.00%
$6,167,580 $3,362,910 $0 $0 $0 $3,375,000 $0 0.00%-100.00%