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Councihncmbcr Elvig introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #05-05-135 <br /> <br />RES¢)LUTION APPROVING THE TRANSFER OF EXCESS GENERAL FUND <br />REV EN U ES TO THE EQUIPMENT REVOLVING FUND, FACILITIES <br />CONSTRUCTION FUND, THE IMPROVEMENT REVOLVING FUND AND THE <br />PARK TRUST FUND. <br /> <br /> WHEREAS, during the year 2004, the Ramsey City Council acted on matters impacting <br />rcvcnuc 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, 2004 and <br /> <br /> WHEREAS, it has been determined that there are excess revenues over and above <br />amounts necessary to meet the fund balance requirements for the year ended December 31, 2004; <br />and <br /> WltEREAS, $92,821.61 remained as excess revenues to be transferred from the General <br />Fund at year ended December 31, 2004; and <br /> <br /> WHEREAS, Resolution 04-10-320 states that excess year-end General Fund revenues <br />will be distributed to the Equipment Revolving Fund (10%), Facilities Construction Fund (40%), <br />the Public hnprovement Revolving Fund (40%); and the Park Trust Fund (10%); and <br /> <br /> WtlEREAS, $9,282.16 would be transferred to the Equipment Revolving Fund, <br />$37,128.65 to the Facilities Construction Fund, $37,128.64 to the Public Improvement Revolving <br />Fund and $9,282.16 to the Park Trust Fund. <br /> <br />NOW TIIEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) <br /> <br />That the Ramsey City Council hereby approves the transfer of excess General Fund <br />Revenues in the amount of $92,821.61 to the Equipment Revolving Fund, the Facilities <br />Construction Fund, the Public Improvement Revolving Fund and the Park Trust Funds at <br />the amounts of $9,282.16, $37,128.65, $37,128.64 and $9,282.16 respectively. <br /> <br />The motion for adoption of the foregoing resolution was duly seconded by Councilmember <br />Strommcn, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gamec <br />Councihnember Elvig <br />Councihnember Strommen <br />Councilmember Cook <br />Councihnember Jeffrey <br />Councihnember Olson <br />Councilmember Pearson <br /> <br /> <br />