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HomeMy WebLinkAbout1990-043 CCR1 1 1 (IRESOLUT) Member Jerry Pedlarintroduced the following resolution and moved its adoption: RESOLUTION NO. 90 43 RESOLUTION AUTHORIZING A CHANGE IN ACCOUNTING PRACTICE TO RECORD THE FULL LIABILITY IN THE GENERAL FUND FOR VACATION AND SICK LEAVE OF CITY EMPLOYEES WHEREAS, Section 7.08 of the City Charter does provide the City Council with the authority to transfer unencumbered appropriation balances from one office, department or agency to another within the same fund; and WHEREAS, the Government Accounting Standards Board, which is the rule- making authority for accounting practices the City must follow, is likely to require all Cities to record vacation and sick leave liability for their employees in their General Fund in the near future; and WHEREAS, the City has unemcumbered balances remaining in the 1989 budget which are sufficient to accomodate the one time expenditure of $371,967.00 resulting from this accounting change; and WHEREAS, the charge for this accounting change will be recorded in the Unallocated Department and there is an unencumbered balance of $60,000.00 in that department. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center, Minnesota, as follows: 1. The Finance Department is authorized to make a change in its accounting practices to record the liability for employee vacation and sick leave in the General Fund and the one -time expenditure resulting from the change in fiscal year 1989. 2. The 1989 General Fund Budget be ammended by increasing the Unallocated Department Appropriation by $311,967 and reduce the appropriations of other Departments as follows: City Council $10,000 City Manager 15,000 Assessing 25,000 Finance 5,000 Legal 5,000 Government Buildings 25,000 Police 100,000 Fire 10,000 Planning 5,000 Engineering 20,000 Street Maintenance 50,000 Vehicle Maintenance 10,000 Traffic Signals 5,000 Street Lights 20,000 Parks Maintenance 6,967 $311,967 1 1 1 RESOLUTION NO. 90 -43 February 26, 1990 Da ATTEST: er ayoy 7 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: Dean Nyquist, Celia Scott, Todd Paulson, Jerry Pedlar, and Phillip Cohen; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.