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MAP I <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 />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`1' day of May 2013. <br />J J Dietz, Ma r <br />ATTEST: <br />Tina Allard, City Clerk <br />N: \Public Bodies \Agenda Packets \05-06- 2013 \4.7sr Fund Balance Allocationkf docx <br />