HomeMy WebLinkAbout1974-153 CCR Member Robert Jensen introduced the following resolution and
moved its adoption:
RESOLUTION NO. 74 -153
RESOLUTION AMENDING THE 1974 GENERAL FUND BUDGET
WHEREAS, on October 1, 1973, when the City Council adopted the 1974
Budget, an estimated revenue of $143,000 was anticipated to be transferred
during 1974 from the projected earnings of the Liquor Fund to the General Fund
to be used as a source of financing the 1974 budget appropriations; and
WHEREAS, the 1972 and 1973 adopted budgets also anticipated the use
of Liquor Store projected earnings as a source of financing General Fund budget
appropriations; and
WHEREAS, the 1972 and 1973 Liquor Store earnings were less than
anticipated and Liquor Store Funds were used for authorized store relocations,
expansions, and improvements; and
WHEREAS, the City Auditor interpreted the estimate of Liquor Store
earnings transfers as a directive by the Council to 'transfer funds from the
Liquor Funds rather than a mere estimate of anticipated revenues; and
WHEREAS, each year the anticipated transfers were set up on the General
Fund's books as a receivable from the Liquor Fund and considered as General
Fund revenue earned in that year and subsequently increased the General Fund's
unappropriated surplus; and
WHEREAS, on December 31, 1973 the General Fund's unappropriated
surplus was increased by $154,778 as a result of the closing of the General
Fund's operations for the year then ended; and
WHEREAS, included in the increase 'to unappropriated surplus was the
anticipated Liquor Store earnings which were not realized; and
WHEREAS, during 1974 the Liquor Fund will not be able to both pay off
the amount due to the General Fund from prior years and still transfer the amount
anticipated to be transferred in 1974:
BE IT, THEREFORE, RESOLVED by the City Council of the City of Brooklyn
Center to amend the 1974 General Fund Budget by reducing the amount of estimated
revenue to be transferred from the Liquor Fund by $143 ,000 and to authorize the
use of $143,000 of General Fund unappropriated surplus to finance 1974 budget
appropriations.
September 9, 1974
Date`` Mayor
G .F
ATTEST
C rk
Resolution No. 74 -153
The motion for the adoption of the foregoing resolution was duly seconded by
member Maurice Britts and upon vote being taken thereon, the following
voted in favor thereof: Philip Cohen, Maurice Britts Tony Kuefler, Bill Fignar
and Robert Jensen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.