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RESOLUTION NO. 1717 <br />CITY OF MOUNDS VIEW <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 <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 <br />ATTEST: <br />(SEAL) <br />Clerk -Administrator <br />