HomeMy WebLinkAbout1988-179 CCRMember Celia Scottintroduced the following resolution and moved
its adoption:
RESOLUTION NO. 88 179
RESOLUTION TO TRANSFER FUNDS FROM THE FEDERAL REVENUE
SHARING FUND TO THE GENERAL FUND
WHEREAS, Section 7.11 of the City Charter does provide the City
Council with full authority to make transfers between all funds which may
be created, provided that such transfers are not inconsistant with the
provisions of related covenants, the provisions of the City Charter, or
State Statutes; and
WHEREAS, on November 23, 1987 the City Council adopted Resolution
No. 87 -224 which amended the 1988 Annual Budget for the City and encumbered
Federal Revenue Sharing funds in the amount of $28,000 to be transfered to
General Fund subsequent to the expenditure of funds by the General Fund for
appropriations in said 1988 Annual Budget; and
WHEREAS, the Fund Balance in this fund as of December 31, 1987
was $26,442; and
WHEREAS, certain expenditures have been made from the General
Fund, and they are as follows:
Voucher Divi-
Number sion Amount
TOTAL $31,466.00
November 7, 1988
Date 1
91:1112_ J
ATTEST: ?.ftL
Clerk
Vendor Purpose
026459 42 $7,568.00 Ruffridge Johnson Plow sander
207696 42 23,898.00 Superior Ford Inc. 1988 Ford truck
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center to transfer the amount of $26,442 from the Federal Revenue
Sharing Fund to the General Fund; and
BE IT FURTHER RESOLVED to transfer the 1988 interest earnings of
the Federal Revenue Sharing Fund to the General Fund when they have been
determined at year end; and
BE IT FURTHER RESOLVED to close the Federal Revenue Sharitund.
Mayor/
The motion for the adoption of the foregoing resolution was duly seconded
by member Bill Hawes and upon vote being taken thereon, the
following voted in favor thereof: Dean Nyquist, Gene Lhotka,
Celia Scott, Bill Hawes, and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.