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CITY OF LINO LAKES <br />RESOLUTION NO. 24-18 <br /> <br />APPROVING 2023 TRANSFER TO THE ROOKERY ACTIVITY CENTER <br /> <br />WHEREAS, the Rookery Activity Center has a cash deficit at December 31, 2023, and <br /> <br /> <br /> WHEREAS, after adjusting for 2023 accruals the cash deficit is roughly $439,335, and <br /> <br /> <br /> WHEREAS, the General Fund is projected to have an estimated surplus of $850,000 for <br /> fiscal year 2023. <br /> <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that a <br />2023 transfer from the General Fund to the Rookery Activity Center Fund be made in the <br />amount of the Rookery Activity Center 12/31/2023 cash balance adjusted for accruals, <br />not to exceed $460,000. <br /> <br /> <br /> <br />Adopted by the City Council of the City of Lino Lakes this 11th day of March, 2024. <br /> <br /> <br /> <br />___________________________ <br />Rob Rafferty, Mayor <br />ATTEST: <br /> <br /> <br />___________________________ <br />Jolleen Chaika, City Clerk <br />44