HomeMy WebLinkAbout1981-261 CCR Member Bill Fignar introduced the following resolution and
moved its adoption:
RESOLUTION NO. 81 -261
RESOLUTION TO TRANSFER FUNDS FROM THE GENERAL FUND TO THE CAPITAL
PROJECTS FUND
WHEREAS, Section 7.11 of the City Charter does provide the City Council
with full authority to make permanent transfers between all Funds which may be
created, provided that such transfers are not inconsistent with the provisions
of related covenants, the provisions of the City Charter, or State Statutes; and
WHEREAS, the City has established a Capital Projects Fund to provide
funds and to account for the expenditure of such funds for major capital out-
lays (which shall include but not be limited to, construction or acquisition
of major permanent facilities having a relatively long life); and /or to reduce
debt incurred for capital outlays; and
WHEREAS, the City Council established an Adequate General Fund Balance
Policy on December 22, 1980 (M C No. 80 -31); and
WHEREAS, the application of that policy to the current General Fund
Balance determines that there is at least the sum of $250,000 which is in excess
of the adequate Fund balance:
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn
Center to transfer the sum of $250,000 from the General Fund Balance to the Capital
Projects Fund to be therein ;appropriated as follows:
Lions' Park Tennis Courts 25,000
Police Department Communication
System $225,000
December 21, 1981
Date Mayor r
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ATTEST: e
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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, Tony Kuefler, Bill Fignar, and Gene
Lhotka;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.