HomeMy WebLinkAbout2004-135 CCRMember Kay Lasman introduced the following resolution and moved its
adoption:
RESOLUTION NO. 2004-135
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, at the close of 2003, pursuant to the Fund Balance Policy, $940,464
was available for transfer for such capital needs; and
WHEREAS, the continued maintenance of the street reconstruction projects,
purchase of technology, and capital project require these transfers; and
WHEREAS, budget reductions have caused the City to under fund its technology
replacement; and
WHEREAS, the City created the Technology Fund to provide a mechanism to begin
addressing current future technology needs.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center that the following sums be transferred from the General Fund as follows:
Street Reconstruction Fund $620,464
Capital Project Fund $100,000
Technology Fund $220,000
October 13. 2004 V~ ~iN.Gc-o
f ate Mayor I
ATTEST:
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, and Diane Niesen
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.