Laserfiche WebLink
7F <br /> RESOLUTION NO. 5285 <br /> APPROVING 1998 TRANSFERS AND BUDGET REVISIONS <br /> CITY OF MOUNDS VIEW <br /> County of Ramsey <br /> State of Minnesota <br /> WHEREAS,the City adopted budgets for various funds for 1998 which included interfund transfers <br /> for various purposes; and <br /> WHEREAS, the City has approved various activities with funding coming from previously <br /> established reserves or undesignated reserves. <br /> NOW THEREFORE,BE IT RESOLVED by the City Council of the City of Mounds View that <br /> the following budgeted transfers for the calendar year 1998 are hereby approved: <br /> From To Amount <br /> Water Fund General Fund $ 64,500 <br /> Sewer Fund General Fund 38,690 <br /> Vehicle&Equip General Fund 35,000 <br /> Special Projects General Fund 90,000 <br /> General Fund Vehicle&Equipment 25,000 <br /> Water Fund Vehicle& Equipment 30,000 <br /> Sewer Fund Vehicle&Equipment 30,000 <br /> General Fund Community Center 50,000 <br /> BE IT FURTHER RESOLVED that the following 1998 budget modifications are hereby <br /> approved: <br /> General Fund <br /> 1. City Council - professional services - Increase by $42,000 for airport litigation; funding <br /> from General Fund contingency. <br /> 2. Central Services-capital,buildings-Increase by$270,190 for City Hall renovation; funding <br /> sources $31,990 in reserves for capital improvements and $238,200 from undesignated <br /> General Fund reserves. <br /> 3. Central Services - capital, equipment - Increase $43,000 for City Hall telephone system <br /> update; funding sources $43,000 from undesignated General Fund reserves. <br /> 4. Park & Recreation - personnel - Increase $74,700 for severance pay; funding sources <br /> $23,350 from General Fund reserves for compensated absences and $51,350 from <br /> undesignated General Fund reserves. <br />