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HomeMy WebLinkAboutResolution 6976RESOLUTION NO. 6976 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA Closing Fund 499, MSA Capital Projects Fund WHEREAS, the City desires to maintain accounting records that follow Generally Accepted Accouirting Principals (GAAP); and WHEREAS, GAAP overarching principals state that no more fiends then necessary should be used to record accounting activity; and WHEREAS, fluid 499, MSA Capital Projects Fund is no longer necessary; and WHEREAS, the City Council has discussed the proposed change and wishes to close fund 499. NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View that fund 499, MSA Capital Projects Fund be closed and the following 2006 budget adjustments are approved to facilitate the closure. Increase Transfer out 499-4470-9900 Increase Transfer in 285-972 Adopted this I 1 ~~' day of December 2006. $601,458.78 $601,458.78 ATTEST: (SEAL) Rob Marty, Mayor Kurt Ulrich, City Administrator •