23-048 (06-20) Assign Fund Balance to Remote Fire Station ExpendituresDocuSign Envelope ID: E7CC782F-D8C64800-B52F-0248235080AA
RESOLUTION NO.23-048
RESOLUTION ASSIGNING FUND BALANCE OF $612,910 FOR FINANCING A
PORTION FOR THE REMOTE FIRE STATION EXPENDITURES
WHEREAS, the General Fund Reserves meets 60% of 2022 expenditures, and
WHEREAS, per Resolution 11-82 states that staff will review with the Council any
amounts above the 60% and recommend proposed uses of the funds, and
WHEREAS, in 2022, revenues were above budget and various expenditures were
below from various departments in the amount above the 60% is $612,910, and
WHEREAS, the amount of $612,910 will be transferred to a dedicated construction
fund for the Remote Fire Station.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden
Valley to authorize the transfer of $612,910 from the General Fund to the Remote Fire
Station Building Fund.
Adopted by the City Council of Golden Valley, Minnesota this 20th day of June, 2023.
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Shepar �1 . Harris, Mayor
ATTEST:
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Theresa c yma, City Clerk