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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #18-068 <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 2017, 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, 2017; 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, 2017; and <br />WHEREAS, $497,586.89 remained as excess revenues to be transferred from the General Fund at <br />year ended December 31, 2017; 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, $149,276.07 will be transferred from the General Fund to each of the Equipment <br />Revolving Fund, Capital Maintenance Fund and Public Improvement Revolving Fund and $49,758.68 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 $497,586.89 to the Equipment Revolving Fund, the Facilities <br />Construction Fund, Capital Maintenance Fund and Public Improvement Revolving Fund <br />at the amounts of $149,276.07, $49,758.68,$149,276.07, and $149,276.07, respectively. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember, <br />and upon vote being taken thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />and the following abstained: <br />and the following were absent: <br />