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<br />OR~INANCE N0. 392
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<br />,r: 1 'rY OF HOUNDS VIE\'l
<br />COU~TY OF P~~SEY
<br />S'rl\l'E OF MINNESOTA
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<br />t.N ORDINANCE ES1'J\13LISlIING CHAPTER 28 1\1liNICI PI\1. CoOE
<br />E;~'I'I:-LF.D, II DES IGNATIONS OF FUND BALANCE OF
<br />THe Gr.~ERAJ. F!j~m.
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<br />'l'he Counc i 1 of the Ci ty :)f '~ounds Vi.:''''' de..."'; hereby
<br />oraain;
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<br />28. 01 Do:' f i '-, ;, t i 0;, ~"
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<br />Subdivision 1. Fund "jaldlld,:. The cxc('~>s of th(.' assets
<br />of a fund ovc~ its li~bilities a~d reserves. CXLept in the
<br />case of funds 5ubj0ct to budgct~ry accountinn. where, prior to
<br />t,hc cnd,of ,1 f i se:ll per iod it represents the pxceSS of the
<br />fund 's .::lssets ~1'VJ c.st imatcd revenm:5 for the i-C!" ~0d over its
<br />liabilities. rCSClves, and appropriations for the period.
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<br />Subdivi~ion 2. Desi2na~ed !or committed c~~~ra~. An
<br />account used to seqi:'egate ;- portion of Fund Balance for ex-
<br />penditures upon vcnder peI:formnn'~c of committmellts related
<br />t.o uni,)(,!t'fol~ml:d co;;t.t,),:t~) for <j;,)l~(,~~~ "l" SE:l-',:icc;-..
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<br />5ubdivi:~.i:on 3. Desi(lI1atcd for Co:nJ,.~ensa(,eci AbsenceS. An
<br />~~~;~~:account:us0~to-~~qrpqatea portion of ~undBalanceto provide
<br />,', ,', ,...~~'.:;7Jor, pa~iriient ;'''upori coinpliaricewi th terms' and conditions spec'""',_
<br />""'::'!",'ified,in Ch3ptcr (j of the Hl.1nicipal code, of 3ccum1l1ated
<br />",'. eiiiplo"jcc vacat ~bn and s i d~ 10.'\'10 ~al ance5 i:1 excessof;amounts
<br />'approFt'iJte~ by the Cn,;;h:il i'l th.~' :'\n:-11.1.:11 Budq(>t~.
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<br />., .~"';' >:;. '..,
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<br />Subdivision~. Desiunatcd for Continaencies. An account
<br />used to segrcqate .:1 portTo-;':';-or-r-u:ld-nafance-to prr,vide for
<br />unforseen e:-:Dcnditure5 or for ,1I1tic,lpated .::.xnenditures of an
<br />uncertain amount ,)1" un forst,'cn short fa 11 s of ant ic ipatc-d
<br />revenues.
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<br />Subdivision S. DcsiqnaL'd for Clsh Flc\':. .\n account ust"u
<br />to scgreq~tc c1 pon i.(JJ;-o(-r\..liiJ-rii11.~~.cc-Ff;~'11()W for a sufficient
<br />a:nount ot' cash to 1)(: .:1vilildbl(~ to T'lcct upel."tinq c:,:pcns{'s
<br />durinq ,j f.i.~\'t11 I~t-,riod '..:.:.thoet :u"in<! to rC30rt to temporarily
<br />borrey.. inq bl.'twi'cn the reef' i pt of r.l'llor revenuc items.
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<br />2H.02 Desiqn.ltlO:1 of tht' Fund B<l![IIlCC of tht~ General
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<br />S-ubdivisonl. There 'is hereby dcsignated for Cash Flow
<br />'$669,14'5 "f !'Il:Hl 13ill,lI1CC' of tll'~ Gmeral Fund. The Cl,erk-Admin-:
<br />istcltor ilnd Finilnl:(~ Dircctor-1'r(,<ls\ln~r sh~]] maintain thi~
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