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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION 04-22 <br /> <br />A RESOLUTION FOR THE CITY OF ELK RIVER <br /> <br />A RESOLUTION ALLOCATING THE 2003 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 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 <br />$ 18,000 <br />16,000 <br />112,600 <br />200, 158 <br />$346,758 <br /> <br />Allocation <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 />Total <br /> <br />Passed and adopted by the City Council this 19th day of April 2004. <br /> <br />~IO~ <br /> <br />Stepha .e A. Khnzin~ May <br /> <br />ATTEST: <br /> <br />\AJ7~/h, ~ <br />I , <br />J o~n .M. Schmidt, City Clerk <br />'v/ <br /> <br />04- 22 <br />