HomeMy WebLinkAbout1987-224 CCR1
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Member Rich Theis introduced the following resolution
and moved its adoption:
RESOLUTION NO. 87 -224
RESOLUTION AMENDING THE 1988 GENERAL FUND BUDGET FOR THE
TRANSFER OF REVENUE SHARING FUNDS
WHEREAS, Section 7.08 of the City Charter of the City of
Brooklyn Center does provide for increasing the amount fixed in
the budget resolution, but only to the extent that actual
receipts exceed the estimates and then not beyond the actual
receipts; and
WHEREAS, there presently exists a balance in the Revenue
Sharing Fund which with 1987 interest earning is estimated to be
$28,000; and
WHEREAS, the adopted 1988 Budget provides for the purchase
of a dump truck in the Street Maintenance Division at a cost of
$32,300 to be funded from property taxes; and
WHEREAS, the transfer of Revenue Sharing Funds for capital
outlay would allow property tax revenues to instead be directed
to the contingency account in the Unallocated Division.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Brooklyn Center to set a 1988 budget for the Revenue
Sharing Fund of $28,000 to be transferred to the General Fund;
and
BE IT FURTHER RESOLVED to amend the 1988 General Fund Budget
as follows:
Increase the appropriations for the following line items:
Estimated revenue for transfers from other funds by $28,000
Unallocated Department Expenses Appropriation for Contingency by
$28,000.
November 23, 1987
Date
ATTEST:�'�/e/1. /1
Clerk
Masi
The motion for the adoption of the foregoing resolution was duly
seconded by member Gene Lhotka, 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.