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Councilmember introduced the following resolution and moved for its adoption: <br /> RESOLUTION#17-03-070 <br /> RESOLUTION APPROVING THE TRANSFER OF EXCESS GENERAL FUND <br /> REVENUES TO THE EQUIPMENT REVOLVING FUND, FACILITIES <br /> CONSTRUCTION FUND, CAPITAL MAINTENANCE FUND AND PUBLIC <br /> IMPROVEMENT REVOLVING FUND (PIR) <br /> WHEREAS, during the year 2016, 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, 2016; and <br /> WHEREAS, it has been determined that there are excess revenues over and above amounts <br /> necessary to meet the fund balance requirements for the year ended December 31,2016; and <br /> WHEREAS, $$452,455.18 remained as excess revenues to be transferred from the General Fund <br /> at year ended December 31,2016; and <br /> WHEREAS, Resolution #16-05-089 states that excess year-end General Fund revenues will be <br /> distributed to the Equipment Revolving Fund (30%), Facilities Construction Fund (10%), the Capital <br /> Maintenance Fund(30%) and the Public Improvement Revolving Fund(30%); and <br /> WHEREAS, $135,736.55 will be transferred from the General Fund to each of the Equipment <br /> Revolving Fund, Capital Maintenance Fund and Public Improvement Revolving Fund and $45,245.53 to <br /> the Facilities Construction Fund. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> RAMSEY,ANOKA COUNTY, STATE OF MINNESOTA: <br /> 1) That the Ramsey City Council hereby approves the transfer of excess General Fund <br /> Revenues in the amount of$452,455.18 to the Equipment Revolving Fund, the Facilities <br /> Construction Fund, Capital Maintenance Fund and Public Improvement Revolving Fund <br /> at the amounts of$135,736.55, $45,245.53,$135,736.55, and$135,736.55, respectively. <br /> That the motion for the adoption of the foregoing resolution was duly seconded by <br /> Councilmember , and upon vote being taken thereon, the following voted in favor: <br /> the following voted against the same: <br /> and the following abstained: <br /> and the following were absent: <br />