Laserfiche WebLink
Mounds View Charter Commission Date: June 4, 2004 <br /> Charter Updates; Category 2 Items; Chapter 7 <br /> • Revision—Draft 6 Page 11 of 13 <br /> Section 7.08. Alterations in the Budget. After the budget resolution has been <br /> adopted,the Council may amend the budget by resolution but shall not increase the <br /> amounts fixed in the resolution beyond the estimated receipts and/or reserves, except that <br /> estimated receipts exceed the estimate or to issue and exercise of Section 7.12 herein. At <br /> anytime the Council may,by resolution approved by a majority of its members, reduce <br /> the sums appropriated for any purpose by the budget resolution to increase reserves, or to <br /> authorize the transfer of sums from unencumbered balances of appropriations in the <br /> budget resolution to other purposes,provided, however, the Clerk Administrator may <br /> make transfer of sums within the major expense classification in a department. The <br /> Department head may not transfer appropriations between major expense classifications <br /> within a department nor may the Clerk Administrator or Depai tinent Head transfer <br /> • <br /> appropriations between departments without council approval, excluding Just and Correct <br /> Claims. <br /> Section 7.09. Funds. (no changes) <br /> Section 7.10. City Indebtedness. <br /> Subdivision 1. Except as provided in Sections 7.11 and 7.12,no obligation shall be <br /> issued to pay current expenses,but the Council may issue and sell obligations for any other <br /> municipal purpose in accordance with state law in MN Statute 475.52, as amended/,In the <br /> 2 Other sections of state law that give authority for bonding in certain circumstances are Chapters 465, <br /> 471, and 410. <br /> • <br /> City of Mounds View <br />