HomeMy WebLinkAbout1996-162 Council ResolutionCouncil member Neal introduced the following resolution and
move its adoption:
CITY OF LINO LAKES
RESOLUTION NO. 96-162
RESOLUTION TRANSFERRING FUNDS FROM GENERAL FUND TO THE
CAPITAL IMPROVEMENT FUND FOR THE PURCHASE
OF CABLE TV EQUIPMENT
WHEREAS, dollars were budgeted in the General Fund for purchase of Cable TV equipment,
and
WHEREAS, the equipment is not available until 1997, and
WHEREAS, the City needs the funds for the equipment, and
WHEREAS, transferring the funds to the Capital Equipment Fund assures that the funds will be
available, and
WHEREAS, the total amount is $24,000.
NOW THEREFORE BE IT RESOLVED, that the following transfer be authorized.
Increase Decrease
$24,000
Capital Equipment Fund (401)
General Fund (101) ($24,000)
Adopted by the City Council of Lino Lakes this 16th day of December, 1996.
Jhn Landers - Mayor
L-Ifix -70
yG'Anderson, Clerk Treasurer
Marilyn
The motion for the adoption of the foregoing resolution was duly seconded by Lyden
and upon vote being taken thereon, the following voted in favor thereof: Bergeson,
Lyden, Neal, Landers.
The following voted against same: None, Council Members Kuether was absent.
Where upon said resolution was declared duly passed and adopted: