HomeMy WebLinkAboutResolution 2460
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RESOLUTION NO. 2460
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
A RESOLUTION ESTABLISHING A VEHICLE & EQUIPMENT
REPLACEMENT FUND
WHEREAS, during the 1989 Budget process CounciL approved
the concept of a vehicle and equipment replacement program:
and
WHEREAS, the Council desires to finance periodic
replacement of City vehicles and equipment by annual budgetary
transfers to a special fund:
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Mounds View
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1. There is hereby established and created a separate and
special fund designated as the Vehicle & Equipment Replacement
Fund, which the Clerk-Administrator and Finance
Director/Treasurer shall maintain on the official accounting
records and financial statements of the City and administer in
accordance with this resolution.
2. This Fund shall only be used to purchase vehicles and
equipment pursuant to City purchasing policy.
3. There shall be deposited in the Fund such monies as may be
directed by Council. These may include budgetary
appropriations, interfund transfers and proceeds from the
issuance of Equipment Debt Certificates or Capital Notes.
Adopted this 13th day of March, 1989.
ATTEST;
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(SEAL)
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