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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 F11014 THE <br />SPECIAL PROJECTS FUND TO THE GENERAL FUND <br />WHEREAS, the City's auditors have, in <br />dated December 31, 1982, recommended that the <br />adequate level of fund balance in the General <br />provide for the financial strength and integr <br />WHEREAS, the Council recognizes that <br />fund balance is necessary to provide for cash <br />emergency and/or unanticipated expenditures; <br />their management report <br />city maintain an <br />Fund in order to <br />ity of the City; and <br />an adequate level of <br />flow requirements and <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 />;*"'A the General Fund and it is hereby designated as a reserve for ' <br />, contingencies; <br />i <br />BE IT FURTHER RESOLVED by the Council that these transfers <br />are to be made after Ordinance 356, An Ordinance Establishing i <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: <br />(SEAL) <br />L, J <br />