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Councilmember introduced the following resolution and moved for its adoption: <br />RESOLUTION #01- 05 -XXX <br />RESOLUTION APPROVING THE TRANSFER OF EXCESS GENERAL FUND <br />REVENUES TO THE EQUIPMENT REVOLVING FUND, FACILITIES <br />CONSTRUCTION FUND AND THE IMPROVEMENT REVOLVING FUND. <br />WHEREAS, during the year 2000, 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, 2000; and <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, 2000; <br />and <br />WHEREAS, $30,823 remained as excess revenues to be transferred from the General <br />Fund at year ended December 31, 2000; and <br />WHEREAS, Resolution 94 -02 -045 states that excess year -end General Fund revenues <br />will be distributed to the Equipment Revolving Fund (10 %), Facilities Construction Fund (40 %), <br />and the Public Improvement Revolving Fund (50 %); and <br />WHEREAS, $3,082.30 would be transferred to the Equipment Revolving Fund, <br />$12,329.20 to the Facilities Construction Fund, and $15,411.50 to the Public Improvement <br />Revolving Fund. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />That the Ramsey City Council hereby approves the transfer of excess General Fund <br />Revenues in the amount of $30,823 to the Equipment Revolving Fund, the Facilities <br />Construction Fund and the Public Improvement Revolving Fund at the amounts of <br />$3,082.30, $12,329.20 and $15,411.50 respectively. <br />The motion for adoption of the foregoing resolution was duly seconded by Councilmember, and <br />upon vote being taken thereon, the following voted in favor thereof: <br />and the following voted against: <br />and the following abstained: <br />and the following were absent: <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />this the 10 " day of May, 2001. <br />-142- <br />