HomeMy WebLinkAbout1995-014 Council ResolutionCouncil member Elliott introduced the
following resolution and move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 95 - 14
RESOLUTION TRANSFERRING FUNDS FROM THE WATER
ENTERPRISE FUND TO THE AREA AND UNIT FUND
WHEREAS, the rate increase adopted by the City of Lino Lakes in
June, 1988 and July, 1994 anticipated a transfer of funds from the
Water Enterprise Fund to the Area and Unit Fund, and
WHEREAS, the 1990 and 1992 bond sales projected revenue from a
combination of connection fees, trunk area assessments and
services, and
WHEREAS, the Finance Director has determined that the amount from
the Water Enterprise Fund to the Area and Unit Fund for the year
1994 is $183,667.
NOW THEREFORE BE IT RESOLVED, that the following transfer be made
effective December 31, 1994.
Increase Decrease
Area and Unit (406) $183,667
Water Enterprise (601) ($183,667)
Adopted by the City Council of Lino Lakes is 23rd day of January,
1995.
HO? ), (i/ae241--
Marilyn G. nderson, Clerk Treasurer
Vernon F. Reinert - Mayor
The motion for the adoption of the foregoing resolution was duly
seconded by Kuether and upon vote being taken
thereon, the following voted in favor thereof: Bergeson, Elliott,
Kuether, Neal, Reinert.
The following voted against same: none.
Where upon said resolution was declared duly passed and adopted: