HomeMy WebLinkAboutResolution 90-50RESOLUTION NO. 90- 50
BEING A RESOLUTION DESIGNATING GENERAL FUND FUND BALANCE
FOR CASH FLOW PURPOSES
Whereas, the City of Columbia Heights receives the majority of its general
fund revenue during the last six months of the year, and
Whereas, this requires the City to maintain an adequate fund balance
surplus to finance City general fund operations during the first six
months of the year
NOW, THEREFORE, BE IT RESOLVED that the Columbia Heights City Council does
hereby designate an amount equal to 40Z of the City's next year's general
fund budget as designated for cash flow purposes.
Date of passage:
Offered by:
Seconded by:
Roll Call:
October 8, 1990
Peterson
Ruettimann
Ali ayes
- udent, Council Secretary
Edward M. Carlson, Mayor