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STAFF MEMBER <br />DATE <br />SUBJECT <br />AGENDA ITEM 3B <br />Daniel Tesch, Director of Administration <br />3 March 1999 <br />Transfer of $33,730.00 out of the Excess Reserve Fund <br />into the Road Reconstruction Fund <br />VOTE REQUIRED Simple Majority <br />BACKGROUND <br />In 1998 the city council re- designated the excess reserve funds identified in the 1997 City Audit. <br />The city council re- designated those dollars to a number of projects including accounting hard <br />and software, play ground equipment and road reconstruction. <br />The attached Resolution (99 -11) will transfer $33,730.00 dollars from the Excess Reserve Fund <br />to the Road Reconstruction Fund. <br />OPTIONS <br />Approve Resolution 99 -11 <br />Deny Resolution 99 -11 <br />RECOMMENDATION <br />