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CITY OF ST ANTHONY <br />RESOLUTION No. <br />A RESOLUTION SETTING THE CITY OF ST. ANTHONY <br />2009 "REVISED" BUDGET AND AUTHORIZION OF THE LIQUOR FUND TRANSFER <br />WHEREAS, State Law and Government Accounting Standards requires the City Council of the City of St <br />Anthony to approve any changes to its Operating Budgets; and <br />WHEREAS, in 2009, the State of Minnesota will reduce the City's Market Value Credit; and <br />WHEREAS, the City Council directed Staff to balance the loss by reducing the General Operating and Capital <br />Equipment expenditures by $135,000; and <br />WHEREAS, the City Council and Staff discussed key issues and budgeting revisions at their February 4th, <br />March 31 , May 4 and June 1 st, 2009, work sessions; <br />WHEREAS, the information needed for the City Council to determine the "Revised 2009 General Operating <br />and Capital Equipment Budgets" has been completed; <br />NOW, THEREFORE, BE IT RESOLVED that: <br />1) The Original 2009 General Operating Budget totaled $5,277,400. <br />2) The Original 2009 General Operating Expenditure Budget is reduced by $52,700 <br />3) The Original 2009 Liquor Transfer of $200,000 to the General Fund is increased by $82,300 <br />4) The "Revised 2009 General Operating Budget' ' now totals $5,224,700. <br />BE IT FURTHER RESOLVED that: (See Attached Detail) <br />1) The Original 2009 Capital Equipment Budget totaled $400,000. <br />2) The Original 2009 Capital Equipment Budget is hereby reduced by $82,300. <br />3) The Original 2009 Liquor Transfer of $200,000 to the Capital Equipment Fund <br />is reduced by $82,300. <br />4) The "Revised 2009 Capital Operating Budget" now totals $317,700. <br />(See Attached Detail) <br />Adopted this 9th day of June, 2009 <br />ATTEST: <br />City Clerk <br />Review for Administration: <br />Mayor <br />City Manager <br />3 <br />