HomeMy WebLinkAboutResolution No. 2005-97
RESOLUTION NO. 2005-97
RESOLUTION RECLASSIFYING AND DESIGNATING FUND BALANCES
FOR A COMMUNITY CENTER
WHEREAS, the City of Columbia Heights has accumulated fund balances in the General Fund,
special revenue funds, and capital funds for the purpose of funding future expenditures; and
WHEREAS, the City Council has determined that there is a need for a community center in
Columbia Heights; and
WHEREAS, it is the intent ofthe City Council to provide funding for a community center:
NOW, THEREFORE, BE IT RESOLVED that a Community Center Capital Building fund be
established and funds be transferred from the following funds to the Community Center Capital
Building fund effective January 1,2006.
From
Amount
Capital Equipment TV Fund
Liquor Fund
Four-Cities Bond Fund
Capital Improvement General Government Buildings Fund
Capital Improvement Parks Fund
Insurance Fund
Flexible Benefit Trust Fund
250,000
500,000
90,000
1,800,000
500,000
735,000
25,000
$3,900,000
NOW, THEREFORE, BE IT FURTHER RESOLVED that the fund balance in the newly
established Community Center Capital Building fund be appropriated for expenses related to a
community center.
Passed this 1ih day of December 2005
Offered by:
Diehm
Seconded by:
Kelzenberg
Roll Call: Ayes: Peterson, Williams, Diehm, Kelzenberg
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(Patricia Muscovitz, Deputy C~ty) lerk
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