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86-067
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86-067
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<br />II <br />~ --II." <br /> <br />i <br />,I <br /> <br />RESOLUTION NO. 86-67 <br /> <br />'RESOLUTION APPROVING BUDGET CHANGE FOR THE CAPITAL REPLACEMENT FUN~ <br /> <br />, <br /> <br />I <br />I <br /> <br /> <br />the interest earned in the caPital <br />supplement the transfers from the <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />Whereas, the Capital Replacement Fund is used to set aside <br />;monies for the replacement of the City's fleet; <br /> <br />Whereas, these set aside monies originate as transfers from <br />the operating departments; <br /> <br />Whereas, it is intended that <br />; Replacement Fund will be used to <br />ioperating departments; <br /> <br />Whereas, the preferred manner for accounting for this use of <br />:: the interest earnings is to make an allocation of such earnings <br />directly to the amount transferred into the Capital Replacement <br />Fund; <br /> <br />Whereas, this preferred manner is not consistent with the <br />format originally incorporated into the 1985 and 1986 Budgets; <br /> <br />Now, therefore be it resolved that: <br /> <br />1. The 1985 Budget shall be changed as follows to allow <br />the use of the preferred manner: <br /> <br />Transfer from Fund 451 to Fund 101 shall be cancelled. <br /> <br />'i <br /> <br />! <br /> <br />2. The 1986 Budget shall be changed as follows to allow <br />the use of the preferred manner: <br /> <br />Transfer from Fund 451 to Fund 101 shall be cancelled. <br /> <br />3. The 1985 Budget shall be changed to permit a transfer <br />from the Fund 101 to Fund 451. The amount of the transfer <br />shall be $40,000. The purpose of the transfer is to finance <br />the years of fleet usage which occurred prior to the develop- <br />ment of the Replacement Fund. <br /> <br />The transfer shall be financed by an appropriation from <br />the General Reserves. <br /> <br />Adopted this <br /> <br />22nd <br /> <br />day of <br /> <br />July <br /> <br />, 1986 <br /> <br />r~~~~~ <br />Robert J. enke, Mayor <br /> <br /> <br /> <br />~ r <br />.' <br /> <br />'"..---' <br />, /' - <br /> <br />---..- <br /> <br />;i <br />" <br /> <br />,I <br />
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