HomeMy WebLinkAbout02-105 - ADMIN Resolution - City Council - 2002/10/07•
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RESOLUTION NO. 02-105
RESOLUTION AUTHORIZING A TRANSFER FROM THE GENERAL FUND TO THE
PARK IMPROVEMENT FUND, TECHNOLOGY REPLACEMENT FUND, AND THE
MUNICIPAL BUILDING FUND
WHEREAS, the City of St. Louis Park established a minimum fund balance policy on
December 19, 1994 and;
WHEREAS, it is considered sound financial practice to analyze fund balances on a continuing
basis and;
WHEREAS, it has been determined that $600,000 should be transferred out of the General Fund
to provide funding for Park Improvements, Technology Replacements, and Municipal Building
functions;
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of St Louis Park
that approval is given to transfer funds from the General Fund in the following amounts
Technology Replacement $ 240,000
Park Improvement 260,000
Municipal Building 100,000
Total Transfer $ 600,000
Approved this 7th day of October, 2002, by the City Council of the City of St. Louis Park
Reviewed for Administration:
A pt . by the City Council October 7, 2002
Attest
y
ty Clerk ClerkIII
May