RES 05-032
RESOLUTION 05-32
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ALLOCATING THE 2004 GENERAL FUND BALANCE
WHEREAS
The City’s Financial Management Plan includes a General Fund Balance
policy that stated that any unreserved fund balance in excess of forty percent
shall be allocated to other purposes at the discretion of the City Council; and,
WHEREAS
The City Council has requested that the minimum unreserved balance in the
General Fund for 2004 be 41.50 percent; and,
WHEREAS
The City Council has considered the various uses of the balance in excess of
41.50 percent;
NOW THEREFORE BE IT RESOLVED
that the City Council of the City of Elk River
makes the following reservations of the 2004 General Fund Balance:
Amount Allocation
$114,478 Capital Equipment and Pay Adjustments
$114,478 Total
th
Passed and adopted by the City Council this 4 day of April 2005.
Stephanie A. Klinzing, Mayor
ATTEST:
Joan M. Schmidt, City Clerk