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