RES 06-033
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RESOLUTION 06---13
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ALLOCATING THE 2005 GENERAL FUND BALANCE
WHEREAS The City's Financial Management Plan includes a General Fund Balance
policy that states 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 2005 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 2005 General Fund Balance:
Amount
$203,813 Capital Equipment
$203,813 Total
. Passed and adopted by the City Council this 3rd day of April 2006.
Allocation
ATTEST:
cy"w !ll,~C
J o~n :tJ. Schmidt, City Clerk
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06-33