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(',ouncihnember introduced the following resolution and moved for its adoption: RESOLUTION #05-05-XXX RESOLUTION APPROVING THE TRANSFER OF EXCESS GENERAL FUND REVENUES TO THE EQUIPMENT REVOLVING FUND, FACILITIES CONSTRUCTION FUND, THE IMPROVEMENT REVOLVING FUND AND TJI E PARK TRUST FUND. WHEREAS, during the year 2004, the Ramsey City Council acted on matters impacting revenue and expenditure budgets of the City's General Fund for items that were not included in the original budget for the year ended December 31, 2004 and WHEREAS, it has been determined that there are excess revenues over and abr>ve mnounts necessary to meet the fund balance requirements for the year ended l)cccmber 31,2004; and WHEREAS, $92,821.61 remained as excess revenues to be transferred from the (leneral Fund at year ended December 31, 2004; and WHEREAS, Resolution 04-10-320 states that excess year-end General Fund revenues will be distributed to the Equipment Revolving Fund (10%), Facilities Construction Fund (40%), the Public Improvement Revolving Fund (40%); and the Park Trusl Fund (10%); and WHEREAS, $9,282.16 would be transferred to the Equipment Revolving Fund, $37,128.65 to thc Facilities Construction Fund, $37,128.64 to the Public Improvement Revolving Fund and $9,282.16 to the Park Trust Fund. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: That the Ramsey City Council hereby approves the transfer of excess General Fund Revenues in the amount of $92,821.61 to the Equipment Revolving Fund, the Facilities Construction Fund, the Public Improvement Revolving Fund and the Park Trust Funds at the amounts of $9,282.16, $37,128.65, $37,128.64 and $9,282.16 respectively. Thc motion for adoption of the foregoing resolution was duly seconded by Cotmcihnember, and upon vote being taken thereon, the following voted in favor thereof: and ~l~c following voted against: