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RESOLUTION 13- <br /> A RESOLUTION OF THE CITY OF ELK RIVER <br /> A RESOLUTION AUTHORIZING A TRANSFER FROM THE GENERAL FUND <br /> TO THE CAPITAL OUTLAY RESERVE FUND <br /> WHEREAS, The City of Elk River's Financial Management Policies includes a General Fund <br /> Balance policy in excess of 45% shall be allocated to other purposes at the discretion <br /> of the City Council; and, <br /> WHEREAS, The City Council has requested that the minimum unassigned fund balance in the <br /> General Fund for 2012 be a minimum of 40% and a maximum 45%; and, <br /> WHEREAS, The City Council has considered the various uses of the balance in excess of 45%; <br /> NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Elk River <br /> makes the following transfer of funds from the General Fund excess balance: <br /> Capital Outlay Reserve Fund $308,208 <br /> Passed and adopted this 6`h day of May 2013. <br /> John J Dietz,Mayor <br /> ATTEST: <br /> Tina Allard, City Clerk <br /> N:APublic Bodies\Agenda Packets\05-06-2013\4.7si Fund Balance AllocationXf.docx <br />