Laserfiche WebLink
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 "unreserved- <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 transfe~Ting 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 />Thc Ramsey City Council hereby establishes this policy effective with the year ended <br />December 3 l, 2004. <br /> <br />Yhc' motion for thc adoption of the foregoing resolution was duly seconded by .Councilmelnber <br />Cook and upon vote being taken thereon, the following voted in favor: <br /> <br />Mayor Gamec <br />Councilmember Zimmerman <br />Councilmember Cook <br />Councihnember Kurak <br />Councihnember Pearson <br />Councilmember Strommen <br /> <br />and thc tbllowing voted against the same: <br /> <br />?'JOlle <br /> <br />ami thc fi)llowing abstained: <br /> <br />amd thc t'ollowing were absent: <br /> <br />Councihnember Elvig <br /> <br />whcrc'.t~pon said resolution was declared duly passed and adopted by the Ramsey City Council <br />thiz4 thc 26th day of October, 2004. <br /> <br />Resolution #04-10~320 <br />Page 2 of 2 <br /> <br /> <br />