HomeMy WebLinkAbout2003-219 CCRMember Kay Lasman introduced the following resolution and moved its
adoption:
RESOLUTION NO. 2003-219
RESOLUTION AMENDING 2003 GENERAL FUND BUDGET TO PROVIDE
FOR ADDITIONAL CAPITAL FUNDING
budget; and
WHEREAS, the entire General Fund Budget will not be expended; and
WHEREAS, it is anticipated on an annual basis that expenditures will be below
WHEREAS, through the extraordinary efforts of City employees in dealing with the
current reductions in State Aid in the year 2003, unexpended monies are anticipated in 2003; and
WHEREAS, the City has deferred and delayed capital and other expenditures and the
2004 budget underfunds technology needs; and
WHEREAS, it would be possible to amend the 2003 budget to provide for an
additional $375,000 in capital transfers; and
WHEREAS, such transfers for technology and street reconstruction purposes will
assist in dealing with the overall deferral of capital project funding, especially in the area of
technology.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center that the 2003 budget be and hereby is amended to provide for a transfer of $275,000
into the Technology Fund and provided further that said $275,000 shall not be expended from the
Technology Fund without the express authorization of the City Council of the City of Brooklyn
Center and be it further resolved that the sum of $100,000 be authorized for transfer into the Street
Construction Fund.
December 8, 2003 k4l~~
Date Mayor °
A
ATTEST:
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Bob Peppe
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Kay Lasman,.Diane Niesen, and Bob Peppe;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.