Council_Minutes_1981_12_28 - Laserfiche WebLink

Home Browse Search

Continuation of December 28, 1981 December 30, 1981 Regular Meeting Page Two Finance Director Brager presented a General Fund Cash Flow Analysis for the 1980 and 1981 actual and projected 1982. A general discussion of the information followed. Clerk Administrator Pauley presented a memorandum and supporting documentation for 1982 Budget reductions which would be necessary to respond to reductions in State Aids. During a general discussion of the City's financial situation as it relates to delayed and /or reduced State Aids it was pointed out that the 1981 General Fund Budget would end in a deficit position if the Legislature did not take appropriate action by the end of 1981. The Council determined that they wished to take action that might be necessary to prevent the 1981 Budget from ending in a deficit position. Motion /Second: McCarty /Doty to adopt Resolution No. 1400 authorizing the transfer from the General Fund unappro- priated fund balance an amount sufficient to balance the 1981 General Fund Budget with the amount of the transfer being repaid at the time the withheld State Aids are received or no later than the end of the 1982 Fiscal Year from such other funds as the Council deems appropriate and to waive the reading. 5 ayes 0 nays Mayor McCarty announced that there will be a Wetlands Committee Meeting at the end of the January 4, 1982 Agenda Session. Motion /Second: Forslund /Hodges to adjourn the meeting at 8 :08 p.m. 5 ayes 0 nays ectfully D• :ld F. Paule Clerk Administ 5. DISCUSSION OF 1981/1982 GENERAL FUND REVENUES 6. RESOLUTION NO. 1400 AUTHORIZING THE TRANSFER FROM GENERAL FUND UNAPPROPRIATED FUND BALANCE AN AMOUNT SUFFICIENT TO BALANCE THE 1981 GENERAL FUND BUDGET tted, Motion Carried 7. WETLANDS COMMITTEE MEETING 8 ADJOURNMENT Motion Carried