87-099 - 10-06 Adopt 1988 Motor Vehilce Licensing Fund BudgetResolution 87-99
October 6, 1987
Member Johnson introduced the following resolution and moved its adoption:
RESOLUTION OF THE CITY OF GOLDEN VALLEY, HENNEPIN COUNTY, MINNESOTA
ADOPTING THE 1988 MOTOR VEHICLE LICENSING 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 Licensing Fund for the year 1988 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
Licensing Fund for the calendar year 1988 be as follows:
MOTOR VEHICLE LICENSING FUND
Description Amount
Motor Vehicle Licensing
Total 1988 Budget
$ 284,005
$ 284,005
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 $ 212,000
Interest Earnings 15,000
Retained Earnings 57,005
Total 1988 Budget $ 284,005
r&' P
Mary E. Aoderson, Mayor
ATTEST:
J Nal y, Deputy y ity Clerk
Resolution 87-99 - Continued
October 6, 1987
The motion for the adoption of the foregoing resolution was seconded by Member
Bakken and upon a vote being taken thereon, the following voted in favor
thereof: Anderson, Bakken, Johnson, Stockman and Thompson; and the following
voted against the same: none, whereupon said resolution was declared duly
passed and adopted, signed by the Mayor and her signature attested by the Deputy
City Clerk.