HomeMy WebLinkAbout2012-147 CCR Member Kay Lasman introduced the following resolution and moved
its adoption:
RESOLUTION NO. 2012-147
RESOLUTION APPROVING TRANSFER OF UNASSIGNED
GENERAL FUND NET ASSETS TO CENTERBROOK GOLF COURSE
FUND
WHEREAS, the City Council of the City of Brooklyn Center may
transfer funds available in its unassigned net assets to other funds by resolution; and
WHEREAS, a transfer of existing 2012 General Fund net assets was
discussed as a remedy to operating cash shortfalls in the Centerbrook Golf Course Fund
during a City Council/Financial Commission Joint Budget Work session on Monday, 5
November 2012; and
WHEREAS, the City currently holds $9,461,963 of unallocated net
assets in the General fund after allotment of $233,930 during 2012 for other purposes
against a policy requirement of $8,799,954 in unallocated allotment for cash flow
purposes, leaving $662,009 available for other purposes as the City Council may
designate.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Brooklyn Center that $200,000 of the existing General Fund unassigned net assets is
hereby authorized for transfer to the Centerbrook Golf Course Fund in fiscal 2012 to
replenish negative operating cash balance in the fund.
7
November 26 2012
Date a Mayor
ATTEST: 6zbe't
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, Lin Myszkowski, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.