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91-050
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Resolutions 1991
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91-050
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8/4/2005 3:54:57 PM
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<br />'"" <br /> <br />RESOLU'rION m. 91- 50 <br /> <br />State of Minnesota <br />County of RaIlsey <br />City of Hew Brighton <br /> <br />RESOLUTION ADJUS'l'IHG '!'HE YEAR-END RESERVE OF THE GENERAL FUND <br /> <br />Whereas, the City prepares an Annual Report; <br /> <br />Whereas, the Annual Report requires as full a disclosure as <br />possible on the financial condition of the City; <br /> <br />Whereas, to fully disclose the financial condition there are <br />several pending or probable outlays that should be added to the <br />eXisting reserved amounts; <br /> <br />Whereas, the additions are: <br /> <br />,1 <br /> <br />General compensated absences <br />Loss of Local Government Aid <br />Capital project deficits <br /> <br />$193,000 <br />$150,000 <br />$726,500 <br /> <br />Whereas, the above additions should be declared as an addition to <br />the reserved amount of the General Fund; <br /> <br />Now, therefore be it resolved that: <br /> <br />1. An adjustment shall be made to the year-end reserved amount of <br />the General Fund to include the above additions. <br /> <br />2. The adjustment shall be made effective to December 31, 1990. <br /> <br /> <br />Adopted this 14th day of May, 1991. <br /> <br />~ <br /> <br />Mayor <br /> <br />:1 <br />I: <br />'1 <br />~ ; <br />i <br /> <br />~rnl <br /> <br />David M. Childs <br />City Manager <br /> <br /> <br />ATTEST: <br /> <br />I <br />I <br />j' <br />! <br />I <br /> <br />~~gan <br /> <br />Finance Director <br />
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