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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