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HomeMy WebLinkAboutResolution 3043 .. '.1 . RESOLUTION NO. 3043 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION AMENDING 1990 GENERAL FUND BUDGET WHEREAS, the 1990 Session of the Minnesota Legislature implemented reductions in Local Government Aid (LGA) to cities in order to balance the State budget; and WHEREAS, it is estimated that the impact of this action on the City of Mounds View will be a $31,159 reduction in LGA revenue which was previously certified by the State and included in the 1990 General Fund Budget; and WHEREAS, in order to maintain a balanced 1990 General Fund Budget as required by the Home Rule Charter, it is necessary to reduce both revenues and expenditures. NOW, THEREFORE, BE IT RESOLVED that the following expenditures and revenue reductions are made to the 1990 General Fund Budget. Revenues - Local Government Aids Account No. 100-3221 reduce by $31,159 Expenditures - Finance Department, Account No. 100-4150-703 reduce by $1,500 City Hall, Account No. 100-4190-303 reduce by $20,000 City Hall, Account No. 100-4190-480 reduce by $10,000 BE IT FURTHER RESOLVED that the Total Revenues and expenditures for the 1990 Budget are revised to $2,679,864. Adopted this 11th day of June, 1990. ATTEST: (SEAL)