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<br />1 ~ <br /> <br />!. -- <br /> <br />, <br />> ) <br /> <br />..' . <br /> <br />RESOLUTION No. 02-042 <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />[RESOLUTION APPROVING THE PURCHASE OF AN INTEGRATED FINANCIAL <br />:PLANNING MODEL AND AMENDING THE 2002 BUDGET FOR THE PURCHASE <br /> <br />WHEREAS, it is a high priority to maintain the City's financial stability; and <br /> <br />! WHEREAS, developing a financing model to project the City's financial position into the <br />future is one ofthe City's strategic themes; and <br /> <br />'WHEREAS, Springsted, Inc., our financial advisors, has developed similar financial planning <br />models for other cities; and <br /> <br />. WHEREAS, Springsted, Inc. proposed to develop the model for a fee of$24,975, exclusive <br />, of any out of pocket expenses; and <br /> <br />;wHEREAS, there are no appropriations for these costs in the 2002 Budget; and <br /> <br />, WHEREAS, the development of the model will be financed with the following reserves: <br />$6,000 - General Fund; $6,000 - Closed Bond Fund; $6,975 - Environmental Restoration <br />iFund; and $6,000 - Water and Sewer Fund. <br /> <br />NOW, THEREFOR, BE IT RESOL YED that the Finance Director is authorized to work with <br />,:Springsted, Inc. to develop an Integrated Financial Planning Model and directed to amended <br />the 2002 Budget as follows: <br /> <br />Increase: General Fund/Finance/Professional Services <br />:Increase: General FundlUse of Reserves <br />,Increase: Water and Sewer Fund/Professional Services <br />. ;Increase: Water and Sewer Fund/Professional Services <br />Increase: Water and Sewer Fund, Use of Reserves <br /> <br />(101-42113-3300) <br />(101-30000-7860) <br />(702-46711-3300) <br />(702-46712-3300) <br />(702-30000-7860) <br /> <br />$6,000 <br />$6,000 <br />$3,000 <br />$3,000 <br />$6,000 <br /> <br />Adopted this 14th day of May, 2002. <br /> <br />\~ut~Mf\ <br /> <br />STEVE LARSON, MAYOR <br /> <br />;ATTEST: <br /> <br />/J), ,/ ,. t;/', /:l ) /7.., /' _,' <br />,/{"h"l i.ft.c il. " /111. { c f ""-- <br />DANIEL A. MAIERS, <br />DIRECTOR OF FINANCE AND SUPPORT <br />SERVICES <br /> <br /> <br />(SEAL) <br /> <br />1:\S~4RED\COUNCIL\RESOLUTIONS\FINANCE\2002\FINPLANMODELRES,DQC <br />