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-78- <br /> <br />Councihnember introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #02-04-XXX <br /> <br />RESOLUTION APPROVING THE TRANSFER OF EXCESS GENERAL FUND <br />REVENUES TO THE EQUIPMENT REVOLVING FUND, FACILITIES <br />CONSTRUCTION FUND AND THE IMPROVEMENT REVOLVING FUND. <br /> <br /> WHEREAS, during the year 2001, the Ramsey City Council acted on matters impacting <br />revenue and expenditure budgets of the City's General Fund for items that were not included in <br />the original budget for the year ended December 31, 2001; and <br /> <br /> WHEREAS, it has been determined that there are excess revenues over and above <br />amounts necessary to meet the fund balance requirements for the year ended December 31, 2001; <br />and <br /> WHEREAS, $70,661 remained as excess revenues to be transferred fi'om the General <br />Fund at year ended December 31, 2001; and <br /> <br /> WHEREAS, Resolution 94-02-045 states that excess year-end General Fund revenues <br />will be distributed to the Equipment Revolving Fund (10%), Facilities Construction Fund (40%), <br />and the Public Improvement Revolving Fund (50%); and <br /> <br /> WHEREAS, $7,066.10 would be transfen'ed to the Equipment Revolving Fund, <br />$28,264.40 to the Facilities Construction Fund, and $35,330.50 to the Public Improvement <br />Revolving Fund. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />That the Ramsey City Council hereby approves the transfer of excess General Fund <br />Revenues in the amount of $70,661 to the Equipment Revolving Fund, the Vacilities <br />Const~x~ction Fund and the Public Improvement Revolving Fund at the amounts of <br />$7,066.10, $28,264.40 and $35,330.50 respectively. <br /> <br />The motion for adoption of the foregoing resolution was duly seconded by Councilmember, and <br />upon vote being taken thereon, the following voted in favor thereof.' <br /> <br />and the following voted against: <br /> <br />and the following abstained: <br /> <br />and the following were absent: <br /> <br />whereupon said resolution was declared duty passed and adopted by the Ramsey City Council <br />this the 23rd day of April, 2002. <br /> <br />Mayor <br /> <br /> <br />