HomeMy WebLinkAbout1995-170 Council ResolutionCouncil member Kuether
resolution and move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 95-170
introduced the following
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 1995 is $179,250.
NOW THEREFORE BE IT RESOLVED, that the following transfer be authorized.
Increase Decrease
Area and Unit (406) $179,250
Water Enterprise (601) ($179,250)
Adopted by the City Council of Lino Lakes this 1 lth day of December
Vernon F. Reinert - Mayor
Marilyn . Anderson, Clerk Treasurer
The motion for the adoption of the foregoing resolution was duly seconded by Elliott
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: