HomeMy WebLinkAbout1993-161 CCR1
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Member Dave Rosene introduced the following resolution and
moved its adoption:
RESOLUTION NO. 93 -161
RESOLUTION CREATING A CENTRAL GARAGE INTERNAL SERVICE FUND
WHEREAS, Section 7.11 of the City Charter does provide the
City Council with the authority to order the creation of such funds
as may be needed to properly account for the financial activities of
the City; and
WHEREAS, there now exists the need to account for the way the
City purchases and maintains its vehicle fleet which requires that a
Central Garage internal service fund be established to properly
segregate these activities; and
WHEREAS, creation of the Central Garage fund also requires
that an initial level of funding be put in place to provide for the
purchase of replacements for vehicles against which no depreciation
has been charged in the past; and
WHEREAS, this unfunded past depreciation is estimated to be
approximately $1,500,000; and
WHEREAS, sufficient surplus funds exist in the Refunding Bonds
of 1987 debt service fund and the Capital Improvements fund which
could be transferred to the Central Garage fund to provide to past
depreciation.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Brooklyn Center, Minnesota, as follows:
1. That the classification of funds shall be expanded to include
a Central Garage internal service fund.
2. Funds available in the Refunding Bonds of 1987 debt service
fund and the Capital Improvements fund will be considered for
transfer to the Central Garage fund to provide initial
funding.
3. That staff be directed to determine which equipment should be
included in the Central Garage fund, to analyze the amount of
past depreciation which needs to be funded, and report back to
the City Council on the amount and the recommended sources of
funding.
September 27, 1993
Date Todd Paulson, Mayor
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RESOLUTION NO.
ATTEST: V3/11tRZYL*MAktai)(
93 161
Deputy Clerk
The motion for the adoption of the foregoing resolution was duly
seconded by member Celia Scott and upon vote being taken
thereon, the following voted in favor thereof:
Todd Paulson, Celia Scott, Dave Rosene, Barb Kalligher, and Kristen Mann;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.