11-10 - 03-15 - authorize transfer from general fund to equipment replacement and employee benefits fund Resolution 11-10 March 15, 2011
Member Scanlon introduced the following resolution and moved its adoption:
RESOLUTION AUTHORIZING THE TRANSFER OF $900,000 FROM THE
GENERAL FUND TO THE EQUIPMENT REPLACEMENT FUND ($600,000)
AND EMPLOYEE BENEFITS FUND ($300,000)
WHEREAS, the transfer of$600,000 to the Equipment Replacement Fund would
finance major purchases such as fire pumpers and dump Trucks as outlined in the City's
Capital Improvement Program; and
WHEREAS, the transfer of$300,000 to the Employee Benefits Fund would pay for
military pay, increases to the employer side to fund PERA and increases for healthcare
coverage,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Golden
Valley to authorize the transfer of$900,000 from the General Fund to the Equipment
Replacement Fund ($600,000) and Employee Benefits Fund ($300,000).
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A
Linda R. Loomis, Mayor
ATf EST:
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usan M. Virnig, City Clerk
The motion for the adoption of the foregoing resolution was seconded by Member Shaffer
and upon a vote being taken thereon, the following voted in favor thereof: Freiberg,
Loomis, Pentel, Scanlon 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.