HomeMy WebLinkAbout04-96
16200 Eagle Creek Avenue S.E.
Prior Lake, MN 55372-1714
RESOLUTION 04-96
A RESOLUTION AUTHORIZING GENERAL FUND TRANSFER
TO THE BUILDING FUND.
Motion By: BLOMBERG
Second By: ZIESKA
WHEREAS, the City of Prior Lake's General Fund balance on December 31, 2003 increased by
$248,781.00 to an amount of $4,088,907.00; and
WHEREAS, the General Fund balance represents a reserve of 470/0 of the City of Prior Lake's current
operating budget; 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; and
WHEREAS, it is recognized by the City Council that it is in the best interest of the City to maintain a
strong General Fund reserve as financial protection for unexpected emergencies and
expenditures that would require contingency funding.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCil OF PRIOR lAKE, MINNESOTA
that:
1. The recitals set forth above are incorporated herein.
2. The following appropriation transfer from the General Fund balance is hereby authorized as follows:
Pur ose
Reserve Capital for New City Hall /
Police Facilit
Fund Transfer
Building Fund
Amount
$250,000
PASSED AND ADOPTED THIS 7TH DAY OF JUNE, 2004.
YES
NO
Haugen X Haugen
Blomberg X Blomberg
LeMair X LeMair
Petersen X Petersen
Zieska X Zieska
City ~~rior Lake
www.cityofpriorlake.com
Phone 952.447.4230 / Fax 952.447.4245