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<br />RESOLUTION 05- <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION ALLOCATING THE 2004 GENERAL FUND BALANCE <br /> <br />WHEREAS 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 2004 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 2004 General Fund Balance: <br /> <br />Amount Allocation <br />$114,478 Capital Equipment and Pay Adjustments <br />$114,478 Total <br /> <br />Passed and adopted by the City Council this 4th day of April 2005. <br /> <br />Stephanie A. Klim>:lng, Mayor <br /> <br />AITEST: <br /> <br />] oan M. Schmidt, City Clerk <br />