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Councilmember Riley introduced the following resolution and moved for its adoption: <br /> RESOLUTION #22-063 <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 /> WHEREAS, during the year 2021, 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, 2021; and <br /> WHEREAS, 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, 2021; and <br /> WHEREAS, $409,801.32 remained as excess revenues to be transferred from the General <br /> Fund at year ended December 31, 2021; and <br /> WHEREAS, Resolution 416-05-089 states that excess year-end General Fund revenues <br /> will be distributed to the Equipment Revolving Fund (30%), Facilities Construction Fund (10%), <br /> the Capital Maintenance Fund (30%) and the Public Improvement Revolving Fund (30%); and <br /> WHEREAS, $122,940.40 will be transferred from the General Fund to each of the <br /> Equipment Revolving Fund, Capital Maintenance Fund and Public Improvement Revolving Fund <br /> and $40,980.12 to the Facilities Construction Fund. <br /> NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA: <br /> 1) That the Ramsey City Council hereby approves the transfer of excess General Fund <br /> Revenues in the amount of$409,801.32 to the Equipment Revolving Fund, the Facilities <br /> Construction Fund, Capital Maintenance Fund and Public Improvement Revolving Fund <br /> at the amounts of$122,940.40, $40,980.12, $122,940.40 and $122,940.40, respectively. <br /> The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br /> Howell, and upon vote being taken thereon, the following voted in favor thereof: <br /> Mayor Kuzma <br /> Councilmember Riley <br /> Councilmember Howell <br /> Councilmember Heineman <br /> Councilmember Musgrove <br /> Councilmember Specht <br /> Councilmember Woestehoff <br />