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<br />Councilmember Musgrove introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #20-054 <br /> <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 /> <br />WHEREAS, <br /> during the year 2019, 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, 2019; and <br /> <br />WHEREAS, <br /> <br />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, 2019; and <br /> <br />WHEREAS <br /> , $575,816.94 remained as excess revenues to be transferred from the General Fund at <br />year ended December 31, 2019; and <br /> <br />WHEREAS <br /> , 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 /> <br />WHEREAS, <br /> $172,745.08 will be transferred from the General Fund to each of the Equipment <br />Revolving Fund, Capital Maintenance Fund and Public Improvement Revolving Fund and $57,581.70 to <br />the Facilities Construction Fund. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA: <br /> <br /> <br />1)That the Ramsey City Council hereby approves the transfer of excess General Fund <br />Revenues in the amount of $575,816.94 to the Equipment Revolving Fund, the <br />Facilities Construction Fund, Capital Maintenance Fund and Public Improvement <br />Revolving Fund at the amounts of $172,745.08, $57,581.70, $172,745.08, and <br />$172,745.08, respectively. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Menth, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor LeTourneau <br /> Councilmember Musgrove <br /> Councilmember Menth <br /> Councilmember Heinrich <br /> Councilmember Kuzma <br /> Councilmember Riley <br /> Councilmember Specht <br /> <br /> <br />