2025-013 Resolution for Transfer Funds to the Affordable Housing Trust Fund and Close the Local Affordable Housing Aid FundCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2025-013
Transfer Funds to the Affordable Housing Trust Fund and
Close the Local Affordable Housing Aid Fund
WHEREAS, The City of Hopkins maintains a fund accounting system that separates
funds according to their source and use ; and
WHEREAS, it is necessary to create certain Fund Accounts from time to time as the
need arises, and to close certain Accounts as those needs disappear; and
WHEREAS, there is no longer need to maintain fund 208, Local Affordable Housing
Aid Special Revenue Fund; and
WHEREAS, it is necessary and appropriate to transfer money between funds within the
City's account structure; and
NOW THEREFORE BE IT RESOLVED, that the City Council of the City of Hopkins
hereby authorizes the following transfer of money as follows:
1. Transfer $150,000 from Fund 204 (Economic Development) to Fund 510 (Local
Affordable Housing Trust Fund)
2. Transfer $173,190 from Fund 208 (Local Affordable Housing Aid) to Fund 510
(Local Affordable Housing Trust Fund)
Adopted by the City Council of the City of Hopkins this 4th day arc 025.
By:
Patrick Hanlon, Mayor
ATTEST:
UI(rw'-ew
Amy Domeier, City Clerk