04-90 - 12-21 - Adopt Budget for Motor Vehicle Licensing Resolution 04-90 December 21, 2004
Member Grayson introduced the following resolution and moved its adoption:
RESOLUTION ADOPTING THE 2005 BUDGET
OF THE MOTOR VEHICLE LICENSING FUND
BE IT RESOLVED by the City Council of the City of Golden Valley, Minnesota, that
the appropriations for the Motor Vehicle Licensing Fund for the calendar year 2005 shall be
as follows:
PROGRAM
NUMBER DESCRIPTION AMOUNT
7201 Motor Vehicle Licensing $517,025
TOTAL 2005 BUDGET $517.025
BE IT FURTHER RESOLVED by the City Council that the sources of financing the
sums appropriated shall be:
DESCRIPTION AMOUNT
Registration Fees $478,375
Interest Earnings 5,000
Retained Earnings 33,650
TOTAL 2005 BUDGET $517,025
'�e-&m2e�'
Linda R. Loomis, Mayor
ATTEST:
Donald G. Tay!? Clerk
The motion for the adoption of the foregoing resolution was seconded by Member Freiberg
and upon a vote being taken thereon, the following voted in favor thereof: Freiberg,
Grayson, Loomis, Pentel and Shaffer; 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.