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<br />a) "Unreserved-designated" fund :balance shall first be adjusted to an amount equal <br />to fifty percent (50%) of the. next years adopted operating budget per policy <br />adopted in Resolution #9.3~04':061 by utilizing amounts in the "unreserved- <br />undesignated" portion of fund balance. <br /> <br />b) "Unreserved-unde$ignatedll fund balance shall be brought to an amount equal to <br />ten percent (10%} of the next' years adopted operating budget by transferring in <br />monies equal to the deficit from -revolving and replacement funds in the following <br />manner: <br /> <br />Ten percent (10%) to Fund #81O~Park Trust Fund <br />Ten percent (10%) to Fund ,#234 - Equipment Replacement Fund <br />Forty percent (40%) to Fund #412 - Public Facility Construction Fund <br />Fifty percent (40%) to Fund #400 - Public hnprovement Revolving Fund <br /> <br />2) The Ramsey City Council hereby esta~lishes this policy effective with the year ended <br />December 31, 2004. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Cook and upon vote being taken thereon,the.following voted in favor: <br /> <br />Mayor Gamec <br />Councihnember Zimmerman. <br />Councilmember Cook <br />Councilmember Kurak <br />Councilmember Pearson <br />Councilmember Strommen <br /> <br />and the following voted against the same: . <br /> <br />None <br /> <br />and the following abstained: <br /> <br />None <br /> <br />and the following were absent: <br /> <br />Councilmember Elvig <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />this the 26th day of October, 2004. <br /> <br />~ <br />.~~c:;x%~ <br /> <br />ayor <br /> <br />ATTEST: <br /> <br /> <br />Resolution #04-10-320 <br />-Page 2 of2 <br />