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a) <br /> <br />b) <br /> <br />"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 #93-04-061- by utilizing amounts in the "unreserved- <br />undesignated" portion of fund balance. <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%) to Fund #810 - 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 Improvement Revolving Fund <br /> <br />2) The the Ramsey City Council hereby establishes 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 and upon vote <br />being taken thereon, the following voted in favor: <br /> <br />and the following voted against the same: <br />and the following abstained: <br />and the following were absent: <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 />ATTEST: <br /> <br />Mayor <br /> <br />City Clerk . <br /> <br /> <br />