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Agenda Item 1D <br />STAFF ORIGINATOR Linda Waite Smith <br />DATE 10/19/99 <br />TOPIC Resolution No. 99 -114 Transferring $55,444 Dollars from <br />the Designated General Fund fund balance into the <br />Dedicated Parks Fund <br />VOTE REQUIRED Simple Majority <br />BACKGROUND <br />In 1999, the city council accepted the 1998 Financial Report. The Financial Report <br />identified excess revenues in the General Fund. In May of 1999, the city council <br />designated dollars to go towards certain projects. The following resolution will formally <br />make the transfer from the Designated General Fund fund balance to the Dedicated Park <br />fund for the Mallard Lane project ($28,000) and other Park and Trail Improvements <br />($27,444). <br />OPTIONS <br />1. Adopt Resolution 99 -114 <br />RECOMMENDATION <br />Option 1 <br />