HomeMy WebLinkAbout2011-147 CCR Member Kay Lasman introduced the following resolution and moved
its adoption:
RESOLUTION NO. 2011 -147
RESOLUTION APPROVING TRANSFER OF FUNDS FROM EARLE BROWN
HERITAGE CENTER OPERATING FUND TO EARLE BROWN HWERITAGE
CENTER CAPITAL FUND
WHEREAS, a formula was developed to calculate an annual transfer of money from
operations of the Earle Brown Heritage Center (EBHC) to a capital fund for use in maintaining,
renovating and upgrading the EBHC facilities; and
WHEREAS, the calculation of funding available at the end of 2010 indicated a
balance of $ 191,684 available; and
WHEREAS, it has been recommended that the amount available be rounded up to
$ 200,000 and transferred from operations to capital and such change may be done without harm to
the EBHC operating fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that a transfer of $ 200,000 from the operating fund of the Earle Brown
Heritage Center to the capital fund for the facility be approved.
November 14, 2011
Date Mayor
ATTEST:
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Dan Ryan
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Carol Kleven, Kay Lasman, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.