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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 5285 <br />APPROVING 1998 TRANSFERS AND BUDGET REVISIONS <br /> <br />CITY OF MOUNDS VIEW <br />County of Ramsey <br />State of Minnesota <br /> <br />WHEREAS, the City adopted budgets for various funds for 1998 which included interfund transfers <br />for various purposes; and <br /> <br />WHEREAS, the City has approved various activities with funding coming from previously <br />established reserves or undesignated reserves. <br /> <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that <br />the following budgeted transfers for the calendar year 1998 are hereby approved: <br /> <br />From <br />Water Fund <br />Sewer Fund <br />Vehicle & Equip <br />Special Projects <br />General Fund <br />Water Fund <br />Sewer Fund <br />General Fund <br /> <br />To <br />General Fund <br />General Fund <br />General Fund <br />General Fund <br />Vehicle & Equipment <br />Vehicle & Equipment <br />Vehicle & Equipment <br />Community Center <br /> <br />Amount <br />$ 64,500 <br />38,690 <br />35,000 <br />90,000 <br />25,000 <br />30,000 <br />30,000 <br />50.000 <br /> <br />BE IT FURTHER RESOLVED that the following 1998 budget modifications are hereby <br />approved: <br />General Fund <br />I. City Council - professional services - Increase by $42.000 for airport litigation; funding <br />from General Fund contingency. <br /> <br />2. Central Services - capital, buildings - Increase by $270,190 for City Hall renovation; funding <br />sources $31,990 in reserves for capital improvements and $238,200 from undesignated <br />General Fund reserves. <br /> <br />3. Central Services - capital, equipment - Increase $43,000 for City Hall telephone system <br />update; funding sources $43,000 from undesignated General Fund reserves. <br /> <br />4. <br /> <br />Park & Recreation - personnel - Increase $74,700 for severance pay; funding sources <br />$23,350 from General Fund reserves for compensated absences and $51,350 from <br />undesignated General Fund reserves. <br />