HomeMy WebLinkAbout2015-106 CCR Member Lin Myszkowski introduced the following resolution and
moved its adoption:
RESOLUTION NO. 201§-106
RESOLUTION APPROVING A TRANSFER OF FUNDS FROM THE
GENERAL FUND AND THE MUNICIPAL LIQUOR STORE FUND TO THE
CAPITAL IMPROVEMENTS FUND
WHEREAS, the City Council of the City of Brooklyn Center has adopted a
Capital Projects,Funding Policy; and
WHEREAS, the audited year-end Unassigned fund balance within the General
fund exceeded 52%of the next year's General fund operating budget; and
WHEREAS, the audited year-end cash balance within the Municipal Liquor
Stores fund exceeded the combination of three and one half months of the following years
operating budget plus the following years capital budget; and
WHEREAS, the excess funds as calculated by the terms of the Capital Projects
Funding Policy may be transferred from the General and Municipal Liquor Stores funds to the
Capital Improvements fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center that a transfer of$1,125,216 is made into the Capital Improvements fund, with
$908,761 from the General fund and$216,455 from the Municipal Liquor Stores fund.
July 13, 2015
Date Mayor
ATTEST: 1)aw &—jhq.
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
April Graves
and upon vote being taken thereon,the following voted in favor thereof:
Tim Willson, April Graves, Kris Lawrence-Anderson, Lin Myszkowski, and Dan Ryan;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.