HomeMy WebLinkAbout98-81 - ADMIN Resolution - City Council - 1998/05/18r
1
1
RESOLUTION# 98 - 81
RESOLUTION AUTHORIZING
TRANSFERS FROM THE GENERAL FUND TO
THE INFORMATION TECHNOLOGIES AND PARKS IMPROVEMENT FUNDS
AS OF DECEMBER 31, 1997
WHEREAS, the estimated fund balance of the General Fund at December 31, 1997 is
sufficient to provide an amount for cash flow needs for the subsequent year, and;
WHEREAS, the City has other unmet capital needs in the areas of computer technology and
parks improvements which have not been addressed;
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ST. LOUIS PARK, MINNESOTA, that $380,000 be transferred from the General Fund to the
Information Technologies Fund effective December 31, 1997, to be used for the upgrade of the
Local Area Network,
BE IT FURTHER RESOLVED that any remaining amount of additional fund balance in the
General Fund not required for cash flow or other reserves be transferred effective December 31,
1997 to the Parks Improvement Fund for future capital improvements.
Attest:
Reviewed for Administration:
ity Manager
Adopted by the City Council May 18, 1998
I � 4 'J
Mayor