HomeMy WebLinkAbout2025-115 CCRMember Lawrence-Anderson introduced the following resolution and moved its adoption:
RESOLUTION NO.2025-115
RESOLUTION AUTHORIZING CLOSING OF THE WATER TREATMENT PLANT
CONSTRUCTION FUND TO THE WATER UTILITY OPERATING FUND
WHEREAS, the City of Brooklyn Center constructed a water treatment plant in
2015; and
WHEREAS, accounting activity of the construction project was recorded in a
separate fund entitled the Water Treatment Plant Construction Fund; and
WHEREAS, accounting activity has not occurred in the fund since 2017; and
WHEREAS, the remaining cash balance has been reported in the City’s annual
financial reports with the water utility operating fund since 2018; and
WHEREAS, it is acceptable accounting practice to permanently consolidate the
remaining cash balance to an operating fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that the remaining cash balance of $69,532.49 in the Water
Treatment Plant Construction Fund be transferred to the Water Utility Operating Fund and gives
staff direction to proceed with the transfer.
November 24, 2025
Date Mayor
ATTEST:
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member:
Moore
and upon vote being taken thereon, the following voted in favor thereof:
Graves, Jerzak, Kragness, Lawrence-Anderson, and Moore
and the following voted against the same:
none
whereupon said resolution was declared duly passed and adopted.