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M MOwn <br />-111,1911NA <br />L111011WIM11130 <br />RESOLUTION NO. 2024-083 <br />A RESOLUTION TO ESTABLISH THE FIRE DEPARTMENT EQUIPMENT <br />AND PROJECT FUND (FUND 407) <br />WHEREAS, The City finds it beneficial to establish a capital fund to provide <br />funding for fire department equipment and project needs. <br />Now, THEREFORE, BE IT RESOLVED, that the City Council of the City of <br />LAc Elmo, Minnesota, does hereby approve and adopt the Lake Elmo Fire Department <br />Equipment and Project Fund (Fund 407), <br />FURTHER RESOLVED, Fund 407 will provide for Fire equipment purchases or <br />maintenance not covered by the Vehicle Fund and other special projects. <br />FURTHER RESOLVED, a Transfer in the amount of $500,000 shall be made to <br />the fund from the Vehicle Fund (Fund 410) to Fund 407. <br />FURTHER RESOLVED, the 2024 Budget shown below for Fund 407 is hereby <br />adopted. Future budgets will be provided for Council approval in conjunction with other <br />annual budgets. <br />Account # <br />Acct Description <br />2024 Budget <br />407-420-2220-43230 <br />Radio <br />$ <br />22,672.00 <br />407-420-2220-42080 <br />EMS Supplies <br />$ <br />53,400.00 <br />407-420-2220-42090 <br />Fire Prevention <br />$ <br />37,500.00 <br />407-420-2220-42400 <br />Small Tools & Equipment <br />$ <br />187,712.00 <br />407-420-2220-43150 <br />Contract Services <br />$ <br />25,089-00 <br />407-420-2220-43190 <br />Software Programs <br />$ <br />2,310,00 <br />TOTAL <br />$ <br />328,683.00 <br />FURTHER RESOLVED, future General Fund budgets should include a transfer <br />to Fund 407 in an amount similar to a 5-year average of equipment purchases, depending <br />on available resources for that year. <br />APPROVED by the Lake Elmo City Council on this loth day of July, 2024. <br />By: <br />Charles Cadenhead <br />Mayor <br />E915=1 <br />JU 4'ehnWsoin*,it Clerk.. <br />