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RESOLUTION 10-, <br />A RESOLUTION OF THE CITY OF ELK RIVER <br />A RESOLUTION AUTHORIZING THE TRANSFER OF FUNDS <br />WHEREAS, Capital projects Fund 401 Capital Projects and Fund 405 NE Area Trunk Utilities <br />are no longer utilized to account for resources that are restricted, committed, or assigned to <br />expenditures for capital related projects these funds can be transferred to another capital projects <br />fund with a similar purpose; and, <br />WHEREAS, The City Council has reviewed the request to transfer the funds fox the purpose of <br />financing the acquisition or constructions of capital facilities and other capital assets and determined <br />it to be a sound financial practice. <br />NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Elk River <br />makes the following transfer of funds: <br />Fund 401 Capital Projects to Fund 403 Street Improvement <br />Fund 405 NE Area Trunk Utilities to Fund 406 Trunk Utilities <br />Passed and adopted this 15`" day of November 2010. <br />Stephanie Klinzing, Mayor <br />ATTEST: <br />Tina Allard, Ciry Clerk <br />