HomeMy WebLinkAbout2012-114 CCR Member Kay Lasman introduced the following resolution and moved its
adoption:
RESOLUTION NO. 2012-114
RESOLUTION APPROPRIATING A PORTION OF THE GENERAL FUND NET
ASSETS TO A SPECIAL REVENUE FUND
WHEREAS, the Comprehensive Annual Financial Report for the City fiscal year
ended December 31, 2011 showed General Fund unassigned net assets of$9,695,913,of which
$8,799,954 is required to be retained for cash flow purposes at the 52%level by City Council policy;
and
WHEREAS, the difference of$895,959 maybe allocated at City Council discretion
to other activities and projects deemed appropriate by the City Council, and
WHEREAS, the City Council has expressed a desire to contribute to the flooring
and equipment costs for a youth recreation center being constructed on the campus of Brooklyn
Center High School for the benefit of all community youth in the amount of$50,000.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that $50,000 of the unassigned net assets of the General Fund be
transferred to the Recreation Grants business unit(45020)of the General Grants Fund(28600)in the
Special Revenue Funds to be disbursed for flooring and equipment for the youth recreation center
project under the terms and conditions of the general purchasing policy of the City of Brooklyn
Center.
August 30, 2012
Date Mayor
ATTEST: OS-eln
Ci y 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, Karol Kleven, Kay Lasman, Lin Myszkowski, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.