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b) <br /> <br />"Unreserved-undesignated" 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%) from Fund #810 - Equipment Replacement Fund <br />Forty percent (40%) from Fund #412 - Capital Building Fund <br />Fifty percent (50%) from Fund #400 - Permanent Improvement Revolving Fund <br /> <br />2) <br /> <br />The the Ramsey City Council hereby establishes this policy effective with the year ended <br />December 31, 1993. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Mayor Gilbertson <br />and upon vote being taken thereon, the following voted in favor: <br /> <br />Mayor Gilbertson <br />Councilmember Peterson <br />Councilmember Beyer <br />Councilmember Hardin <br />Councilmember Zimmerman <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 />None <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />this the 22nd day of February, 1994. <br /> <br />ATTEST: <br /> <br />Mayor <br /> <br />City Administrator <br /> <br /> <br />