HomeMy WebLinkAbout2004-190 CCRMember Kay Tasman introduced the following resolution and moved its
adoption:
RESOLUTION NO. 2004-190
RESOLUTION TRANSFERRING GENERAL FUND BALANCE FOR CAPITAL
PURPOSES
WHEREAS, the City has planned to use unspent funds accumulated in the General
Fund for purposes of funding capital needs; and
WHEREAS, the continued maintenance of the street reconstruction projects,
purchase of technology, and capital projects require these transfers.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center that the City Manager and Finance Director be and hereby are authorized to transfer
funds from the General Fund on or before December 31, 2004, to the Street Reconstruction Fund,
Capital Project Fund, and Technology Fund in amounts that will be consistent with the Fund Balance
Policy, with such transfers to be allocated 75 percent to the Street Reconstruction Fund, 15 percent to
the Capital Project Fund, and 10 percent to the Technology Fund.
December 13, 2004
ate Mayor if
ATTEST: wI rlo WYE1"1
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Kathleen Carmody
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kathleen Carmody, Kay Lasman, Diane Niesen, and Bob Peppe;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.