85-087 - 10-01 Adopt 1986 Motor Vehicle Fund BudgetResolution 85-87
October 1, 1985
Member Thompson introduced the following resolution and moved its adoption:
RESOLUTION OF THE CITY OF GOLDEN VALLEY, HENNEPIN COUNTY, MINNESOTA
ADOPTING THE 1986 MOTOR VEHICLE FUND BUDGET
WHEREAS, pursuant to the provisions of Minnesota Statutes 412.701 and
412.711, the City Manager has prepared the estimates for the annual budget of
the Motor Vehicle Fund for the year 1986 and has presented such estimates to the
Council for their consideration; and
WHEREAS, the City Council has reviewed such estimates and made certain
revisions thereto;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden
Valley, Hennepin County, Minnesota, that the appropriation for the Motor Vehicle
Fund for the calendar year 1986 be as follows:
MOTOR VEHICLE FUND
Description Amount
Motor Vehicle Licensing $ 260,692
Total 1986 Budget $ 260,692
BE IT FURTHER RESOLVED by the City Council of the City of Golden Valley,
Hennepin County, Minnesota, that the sources of financing the sums appropriated
shall be:
Description Amount
Registration Fees $ 200,000
Interest Earnings 15,000
Retained Earnings 45,692
Total 1986 Budget $ 260,692
Mcfry E. Aoffer§on, Mayor
ATTEST:
u Nal y, eputy #ity Clerk
Resolution 85-87 - Continued
The motion for the adoption of the foregoing resolution was
Stockman and upon a vote being taken thereon, the following
thereof: Anderson, Bakken, Stockman and Thompson; and the
absent: Johnson; and the following voted against the same:
said resolution was declared duly passed and adopted, signe
her signature attested by the Deputy City Clerk.
October 1, 1985
seconded by Member
voted in favor
following was
none, whereupon
d by the Mayor and