19-77 - 12-17 - Carry Forward 2019 General Fund Budget to 2020 Budget RESOLUTION NO. 19-77
RESOLUTION COMMITTING CARRY FORWARDS OF THE 2019 GENERAL
FUND BUDGET TO THE 2020 BUDGET
WHEREAS, in 2019, the 2019 Budget was adopted on December 4, 2018 with
Resolution 18-78, and amended on April 1 with Resolution 19-23, August 20, 2019 with
Resolution 19-45, November 19 with Resolution 19-61; and
WHEREAS, in 2011, Resolution 11-83 Adopting Fund Balance Year-End
Classifications Policy in Accordance with Governmental Accounting Standards Board
(GASB) 54 that allows Commitments of Fund Balance to be assigned for specific purposes
determined by formal action before year end; and
WHEREAS, in 2019, $53,960 for redesign of the city website from the Manager's
budget (1030.6340) will be carry forward to the 2020 budget; and
WHEREAS, in 2019, $23,000 for a compensation study from the Manager's budget
(1030.6340)will be carry forward to the 2020 budget; and
WHEREAS, in 2019, $35,000 for a fire study from the Fire Department budget will
be carry forward to the 2020 Transfer budget (for transfer) and transferred to the Building
Capital Improvement Program to be combined with an additional $35,000 for a
comprehensive study for city buildings.
BE IT RESOLVED by the City Council of the City of Golden Valley, Minnesota, that
following commitments will be carry forward to 2020:
Division
Managers 003 $76,960
Fire 023 $35,000
COMMITTED 2019 FUND BALANCE $111,960
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Golden
Valley, Minnesota, that the Committed Carry forward of,2019 General Fund Budget is
hereby given final approval.
Adopted by the City Council of Golden Valley, Minnesota this 17th day of December, 2019.
She rd M. Harris, Mayor
ATTEST:
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Kristine A. Luedke, City Clerk