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City of <br /> RiVeF� <br /> Resolution 14- 16 <br /> A Resolution ®f the City of Elk River Authorizing as Transfer From the <br /> General Fund to the Capital Outlay Reserve Fund and Surface Water <br /> Management Fund <br /> WHEREAS, The City of Elk Diver's Financial Management Policies includes a General <br /> Fund Balance policy in excess of forty five percent shall be allocated to other purposes at the <br /> discretion of the City Council; and, <br /> WHEREAS, The City Council has requested that the unassigned fund balance in the <br /> General Fund for 2013 be a minimum of 40 percent and a maximum. of 45 percent; and, <br /> WHEREAS, The City Council has considered the various uses of the balance in excess of <br /> the 45 percent-, <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br /> River, Minnesota, as follows: transfer funds from the General Fund Balance to: <br /> Capital Outlay Reserve Fund $91,792 <br /> Surface Water Management Fund $34,024 <br /> Passed and adopted this 5"' day of May 2014. <br /> JOO, J. l)ie/Z,Ma)%qL� <br /> Al fEST: <br /> n. <br /> Tina.Allard, City Clerk <br /> [N' ATURE] <br />