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RESOLUTION 96-92
RESOLUTION DESIGNATING VARIOUS
GENERAL FUND
RESERVE APPROPRIATIONS
MOTION BY: Schenck
SECOND BY:
Kedrowski
WHEREAS,
The City of Prior Lake's General Fund balance on December 31,1995 increased by
$483,004.00 to an amount of$I,968,019.00; and
WHEREAS,
It is the decision of the City Council to review, on an annual basis, the availability of
such reserves and to allocate these funds in a manner that would best serve the
community on a long term basis.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE, that the
following appropriation transfers from the General Fund balance are hereby authorized as follows:
Purpose
Fund Transfer
Amount
1. Satellite Fire Station Site Acquisition
2. Lakefront Park Improvements
3. Compensated Absence Reserve
4. Equipment Reserve
5 . Working Capital Increase
Construction Fund Account
Construction Fund Account
Severance Compensation Fund
Equipment Fund
General Fund
Total Reserve Designations...
$60,000
$75,000
$100,000
$100,000
$148.000
$483,000
Passed and adopted this 3rd day of September, 1996.
YES
Andren X Andren
Greenfield X Greenfield
Kedrowski )( Kedrowski
Mader Mader
Schenck X Schenck
NO
X
{Seal}
RES9692.DOC
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