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Councilmember Peters introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #26-071 <br /> <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 /> <br /> WHEREAS, during the year 2024, 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, 2025; and <br /> <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, 2025; and <br /> <br /> WHEREAS, $1,437,421.39 remained as excess revenues to be transferred from the <br />General Fund at year ended December 31, 2025; and <br /> <br /> WHEREAS, Resolution #24-331 states that excess year-end General Fund revenues will <br />be distributed to the Equipment Revolving Fund (30%), Facilities Construction Fund (10%), the <br />Capital Maintenance Fund (30%) and the Public Improvement Revolving Fund (30%); and <br /> <br /> WHEREAS, $431,226.42 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 $143,742.13 to the Facilities Construction Fund. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA: <br /> <br />1) That the Ramsey City Council hereby approves the transfer of excess General Fund <br />Revenues in the amount of $1,437,421.39 to the Equipment Revolving Fund, the Facilities <br />Construction Fund, Capital Maintenance Fund and Public Improvement Revolving Fund <br />at the amounts of $431,226.42, $143,742.13, $431,226.42 and $431,226.42, respectively. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Riley, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Heineman <br /> Councilmember Peters <br /> Councilmember Riley <br /> Councilmember Olson <br /> Councilmember Buscher <br /> Councilmember Specht <br /> Councilmember Stewart <br /> <br />