HomeMy WebLinkAbout05-181 - ADMIN Resolution - City Council - 2005/12/19RESOLUTION NO. 05-181
RESOLUTION AUTHORIZING A TRANSFER FROM THE
GENERAL FUND TO THE TECHNOLOGY REPLACEMENT FUND,
MUNICIPAL BUILDING FUND, PARKS AND RECREATION FUND,
AND EMPLOYEE BENEFIT 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 $1,300,000 should be transferred out of the
General Fund to provide funding for Technology Replacements, Municipal Building functions,
Employee Benefit Compensated Absences Unfunded Liability, and Parks and Recreation reserve
levels.
NOW, THEREFORE BE IT RESOLVED, by the City of St. Louis Park City Council
That approval is given to transfer funds from the General Fund in the amounts
Technology Replacement $ 800,000
Municipal Building 200,000
Employee Benefit 200,000
Parks and Recreation 100,000
Total $ 1,300,000
Revi
i, for Administration.
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City M
Attest:
ted by the City Council December 19, 2005
ager Mayo
City Clerk