HomeMy WebLinkAboutOrdinance 392
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OR~INANCE N0. 392
,r: 1 'rY OF HOUNDS VIE\'l
COU~TY OF P~~SEY
S'rl\l'E OF MINNESOTA
t.N ORDINANCE ES1'J\13LISlIING CHAPTER 28 1\1liNICI PI\1. CoOE
E;~'I'I:-LF.D, II DES IGNATIONS OF FUND BALANCE OF
THe Gr.~ERAJ. F!j~m.
'l'he Counc i 1 of the Ci ty :)f '~ounds Vi.:''''' de..."'; hereby
oraain;
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Subdivision 1. Fund "jaldlld,:. The cxc('~>s of th(.' assets
of a fund ovc~ its li~bilities a~d reserves. CXLept in the
case of funds 5ubj0ct to budgct~ry accountinn. where, prior to
t,hc cnd,of ,1 f i se:ll per iod it represents the pxceSS of the
fund 's .::lssets ~1'VJ c.st imatcd revenm:5 for the i-C!" ~0d over its
liabilities. rCSClves, and appropriations for the period.
Subdivi~ion 2. Desi2na~ed !or committed c~~~ra~. An
account used to seqi:'egate ;- portion of Fund Balance for ex-
penditures upon vcnder peI:formnn'~c of committmellts related
t.o uni,)(,!t'fol~ml:d co;;t.t,),:t~) for <j;,)l~(,~~~ "l" SE:l-',:icc;-..
5ubdivi:~.i:on 3. Desi(lI1atcd for Co:nJ,.~ensa(,eci AbsenceS. An
~~~;~~:account:us0~to-~~qrpqatea portion of ~undBalanceto provide
,', ,', ,...~~'.:;7Jor, pa~iriient ;'''upori coinpliaricewi th terms' and conditions spec'""',_
""'::'!",'ified,in Ch3ptcr (j of the Hl.1nicipal code, of 3ccum1l1ated
",'. eiiiplo"jcc vacat ~bn and s i d~ 10.'\'10 ~al ance5 i:1 excessof;amounts
'approFt'iJte~ by the Cn,;;h:il i'l th.~' :'\n:-11.1.:11 Budq(>t~.
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Subdivision~. Desiunatcd for Continaencies. An account
used to segrcqate .:1 portTo-;':';-or-r-u:ld-nafance-to prr,vide for
unforseen e:-:Dcnditure5 or for ,1I1tic,lpated .::.xnenditures of an
uncertain amount ,)1" un forst,'cn short fa 11 s of ant ic ipatc-d
revenues.
Subdivision S. DcsiqnaL'd for Clsh Flc\':. .\n account ust"u
to scgreq~tc c1 pon i.(JJ;-o(-r\..liiJ-rii11.~~.cc-Ff;~'11()W for a sufficient
a:nount ot' cash to 1)(: .:1vilildbl(~ to T'lcct upel."tinq c:,:pcns{'s
durinq ,j f.i.~\'t11 I~t-,riod '..:.:.thoet :u"in<! to rC30rt to temporarily
borrey.. inq bl.'twi'cn the reef' i pt of r.l'llor revenuc items.
2H.02 Desiqn.ltlO:1 of tht' Fund B<l![IIlCC of tht~ General
- _.. ---' ._---,--------_., ---.---.--.-.- .- ----- ---
fUlld
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S-ubdivisonl. There 'is hereby dcsignated for Cash Flow
'$669,14'5 "f !'Il:Hl 13ill,lI1CC' of tll'~ Gmeral Fund. The Cl,erk-Admin-:
istcltor ilnd Finilnl:(~ Dircctor-1'r(,<ls\ln~r sh~]] maintain thi~
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ORDINANCE )92
P r\G E '1'\-:0,
desiqnation or. the official books ilnd rpcords of th~ City and
shall i\nnually adjugt: this uesiqnation so that it equals one-
i1.l1f ot the sum :)f t!w ensuinq Yl'.lrfi' budo(,.ted General Fund
"rol"_~rty tel=< l(,oJY, .lnd anticIpated local ClOV0rnmlC'nt aids.
SubdivU;iolO 2. There jis hereby dcsiqnated for Contin-
<Jt'llcies :;:7<),1) 3D of the FUl"\d Balance of the Gt'neral Fund. The
Clerk-AdmInistrator ilnd Finance Dir~ctor-Treasurer shall main-
tdin t:1i~ GC'si1jnatiG:: C:-. t.hc cffiC"ial t.oo~~s arlJ rct:ords of thl:
City and Shilll annually adjust this designation so that,it
equals 10, perccr.t of thL~ sum of the-ensuing years' General,
Fund Expendi~ur(' BudG~t.
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St:LdL.,;.i::;i.::m ,i. ':':ll'I".': ,is h':'l'-:.:by designatl~d for Compensated
Absences S72,8H3 of t_h'~ j'und relIance of t.;IC Groneral F..lIld. The
Clerk-Administrator and Finance uirec!"or-Treasurer shall
Ti'ldintain this c.h'siql1.lt"lon 0:1 !:he offic:al books <lnd records
of th(-" (~it:p .~!nd. sh-:l1 ~1=lnua'~':J" .Jdjust this design.3tion '";0 t]..at
:..t eql1111s tl1C sum of the. a::cumulated vacation leave of all
t.:mployt:"e~~ ('~rh nccemb"r 31 st and the sum of the accumulated
sick le~ve of ~ffi~]oyecs en~i~led to such for severance pay,
f,ursuant tv provisions of Chapter 6 of the r-:l1ni~ipai Code,
upon termi n<1 t ion f) f thl"':, r employment calc~ I ated each December
31st. ~
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SulJdi v is ion 4. There is hereby designated for Committed'"
COntl"clcts S13,957 of the Fund Balance oftheG(meral'Fund~, , ",
"'The Clerk,-Adnd n istra tor and Pi ;l.lnCe Dir,'~ctor..,Treasurer"shall>'::'>'::
,maint.::.in this desiqnationor. the officiill. bookfi," and records,,:'",',,'''''
":of the City and sha 11 an:lUa ll.y':ddjust thi~ designation:so": t:hati\ , '
l.t equals the sum of the r,cYl..:'r31 Fur-d's Committed Contra,cts':,'
~s of ncc~mbcr 31st.
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Subdivision 1. In the event that s~ffici~nt undesign~ted
Fund B~lance docs not exist!to permit the designation per
S('ction 7.8.02 above, d(':~iq;I,hti0ns shiil1 f:.(' rna-ie in the follow-
1 n q n r d c\ r. tot r H ' C x t L~ n t. r ~ ~ ~ i 1) 1 c .
;k'~.ilJllcltt'd for Committi:'d C0ntrac':s
nf." S . 'J n :'~ '': ed f (' r (~'t)!~p~..:' r~ ~:: ~~ t. cd ^l):-: C;"'i,';'~::-,
[) ('~, i q tl il t e d :- c: , CIS h F 1.1:>.....
[J,",,;j'Jn:ltcd fe,r C()nt.inqclli"i~'~
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ORDINANCE 392
PAGE THREE
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Read by the City Council of ti.~ City of Mounds View
this ?~th day of November, 1985
Read und passed by the City Council of the City of
Mounds View this 9th day of December, 198 <)
ATTEs'r:
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Cler~-Administratotj
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APPROVED AS TO FORM:
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C~ty Attorney
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