HomeMy WebLinkAbout12-205 Transfer Funds to Facilities Management Fund
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 1 2 - 205
RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS FROM THE GENERAL FUND
TO THE FACILITIES MANAGEMENT FUND
Motion By: Hedberg Second By: Soukup
WHEREAS, The Facilities Management Plan (“Plan”) adopted as part of the 2013 - 2017 Capital
Improvement Program reflect ed transfers from the General Fund and dedicated tax levies
as funding sources for major facility repairs identified in the Plan ; and
WHEREAS, The anticipated transfers for 2013 and 2014 were $150,000 and $100,000, respectively;
and
WHEREAS, The anticipated tax levy for 2013 was $100,000; and
WHEREAS, Savings from facility repairs made in 2012 allowed for a reduction in the amount of future
funding needed ; and
WHEREAS, The funding from tax levy for 2013 will be replaced with a transfer from the General Fund.
NOW THEREFORE , BE IT HEREBY RESOLVE D BY THE CITY COUNCI L OF PRIOR LAKE,
MINNESOTA as follows:
1. The recitals set forth above are incorporated herein.
2. A General Fund budget amendment is hereby approved to reflect a transfer of $ 300 ,000 to the Facilities
Management Fund.
PASSED AND ADOPTED THIS 10th DAY OF DECEMBER , 201 2 .
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney X Keeney
Soukup X Soukup
______________________________
Frank Boyles, City Manager