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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 "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 transferring 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 />:) <br /> <br />The Ramsey City Council hereby establishes this policy effective with the year ended <br />December 31, 2004. <br /> <br />Thc motion [br the adoption of the foregoing resolution was duly seconded by Councilmember <br />Cook mid upon vote being taken thereon, the following voted in favor: <br /> <br />Mayor Gamec <br />Councihnember Zimmerman <br />Councihnember Cook <br />Councihnember Kurak <br />Councitmember Pearson <br />Councilmember Strommen <br /> <br />and the [bllowing voted against the same: <br /> <br />None <br /> <br />and thc following abstained: <br /> <br />NOlle <br /> <br />and the following were absent: <br /> <br />Councilmember Elvig <br /> <br />whereupon said resolution was declared duly passed and adopted by the Rarnsey City Council <br />this the 26th day of October, 2004. <br /> <br />A'I'T I~;ST: <br /> <br />City Clerk <br /> <br /> Resolution #04-10-320 <br /> Page 2 of 2 <br /> <br />-349- <br /> <br /> <br />