04-022 RES
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RESOLUTION 04-22
A RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION ALLOCATING THE 2003 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 2003 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 2003 General Fund Balance:
Amount
$ 18,000
16,000
112,600
200, 158
$346,758
Allocation
2004 COPS Grant Matching Funds
2004 Building Inspector Intern
2004 Payment to Elk River Area School District for Small Theater
Capital Equipment and Pay Adjustments
Total
Passed and adopted by the City Council this 19th day of April 2004.
~IO~
Stepha .e A. Khnzin~ May
ATTEST:
\AJ7~/h, ~
I ,
J o~n .M. Schmidt, City Clerk
'v/
04- 22