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a) <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 "um'eserved- <br />undesignated" portion of fund balance. <br /> <br />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 />lnanner: <br /> <br />Ten percent (10%) to Fund #8~0 -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 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 Councilmember <br />Cool( and upon vote being taken thereon, the following voted in favor: <br /> <br />Mayor Gamec <br />Councilmember Zimmerman <br />Councilmember Cook <br />Councilmember Kurak <br />Councilmember Pearson <br />Councihnember Strommen <br /> <br />and the following voted against the same: <br /> <br />Nolle <br /> <br />and the following abstained: <br /> <br />None <br /> <br />and the following were absent: <br /> <br />Councilmember Elvig <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />this tile 26th day of October, 2004. <br /> <br />~viayor <br /> <br />ATTEST: <br /> <br /> Resoluti°n #04-10-320 <br /> -Page 2 of 2 <br /> <br /> <br />