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RESOLUTION 04- <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION ALLOCATING THE 2003 GENERAL FUND BALANCE <br /> <br />WHEREAS <br /> <br />The City's Financial Management Plan includes a General Fund Balance <br />policy that stated that any unreserved fund balance in excess of forty percent <br />shall be allocated to other purposes at the discretion of the City Council; and, <br /> <br />WHEREAS The City Council has requested that the minimum unreserved balance in the <br /> General Fund for 2003 be 41.50 percent; and, <br /> <br />WHEREAS The City Council has considered the various uses of the balance in excess of <br /> 41.50 percent; <br /> <br />NOW THEREFORE BE IT RESOLVED that the City Council of the City of Elk River <br />makes the following reservations of the 2003 General Fund Balance: <br /> <br />Amount Allocation <br /> <br />$ 18,000 <br /> 16,000 <br /> 112,600 <br /> 200,158 <br /> <br />$34~758 <br /> <br />2004 COPS Grant Matching Funds <br />2004 Building Inspector Intern <br />2004 Payment to Elk River Area School District for Small Theater <br />Capital Equipment and Pay Adjustments <br /> <br />Total <br /> <br />Passed and adopted by the City Council this 14th day of April 2004. <br /> <br />ATTEST: <br /> <br />Stephanie A. Klinzing, Mayor <br /> <br />Joan M. Schmidt, City Clerk <br /> <br />S:~Resolutions~2004 Resolutions~Unapproved~G eneralFund.doc <br /> <br /> <br />