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RESOLUTION NO. 1717 <br /> CITY OF MOUNDS VIEW1111 <br /> (, <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <br /> A RESOLUTION AUTHORIZING A TRANSFER OF FUNDS FROM THE <br /> SPECIAL PROJECTS FUND TO THE GENERAL FUND <br /> WHEREAS, the City' s auditors have, in their management report <br /> dated December 31, 1982, recommended that the city maintain an <br /> adequate level of fund balance in the General Fund in order to <br /> provide for the financial strength and integrity of the City; and <br /> WHEREAS, the Council recognizes that an adequate level of <br /> fund balance is necessary to provide for cash flow requirements and <br /> emergency and/or unanticipated expenditures; <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council that <br /> $238 ,000. 00 be transferred from the Special Projects Fund to the <br /> fund balance of the General Fund and it is hereby designated for <br /> cash flow reserves; <br /> BE IT FURTHER RESOLVED by the Council that $100 , 000 . 00 be <br /> transferred from the Special Projects Fund to the fund balance of III <br /> the General Fund and it is hereby designated as a reserve for <br /> contingencies; <br /> BE IT FURTHER RESOLVED by the Council that these transfers <br /> are to be made after Ordinance 356 , An Ordinance Establishing <br /> Chapter 27 of the Municipal Code Entitled "Special Projects" is in <br /> effect pursuant to provisions of the City Charter. <br /> Adopted this 13th day of February, 1984 . <br /> ATTEST: `� ,� C <br /> Mayor <br /> (SEAL) A. 101, <br /> fr Ay.c._' -eat iAvAl# <br /> Cle dm1nistrator — <br /> 1111 <br />