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97-094 - 12-16 Adopting the 1998 Budget of Motor Vehicle Licensing Fund Resolution 97-94 December 16, 1997 Member Russell introduced the following resolution and moved its adoption: RESOLUTION ADOPTING THE 1998 BUDGET OF THE MOTOR VEHICLE LICENSING FUND BE IT RESOLVED by the City Council of the City of Golden Vailey, Minnesota, that the appropriations for the Motor Vehicle Licensing Fund for the calendar year 1998 shall be as follows: PROGRAM NUMBER DESCRIPTION AMOUNT 0799 Motor Vehicle Licensing $371,115 TOTAL 1998 BUDGET $371,115 BE IT FURTHER RESOLVED by the City Council that the sources of financing the sums appropriated shall be: DESCRIPTION AMOUNT Registration Fees $329,000 Interest Earnings 2,000 Retained Earnings 40,115 TOTAL 1998 BUDGET $371,115 C` Mary E. derson, Mayor ATTEST: Shirley J. N s , Ci y Clerk The motion for the adoption of the foregoing resolution was seconded by Member Johnson and upon a vote being taken thereon, the following voted in favor thereof: Anderson, Johnson, LeSuer, Micks and Russell; 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 City Clerk.