HomeMy WebLinkAboutResolution No. 2015-108 Budget Amendment Fiscal Year 2015 o
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RESOLUTI . 2015-108
RESOLUTION AMENDING THE BUDGET FOR
THE CITY OF EDINA FOR THE YEAR 2015
Whereas, the City Council adopted Resolution No. 2014-162 Setting the 2015 Budget on
December 16, 2014.
Whereas, the actual Liquor Fund operating income for 2015, while positive, is less than
originally budgeted and planned for by Resolution No. 2014-162.
Whereas, the City's goal is to maintain appropriate financial reserves in the Liquor Fund, the
General Fund, and all other funds.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Edina, Minnesota, as
follows:
The 2015 budget is amended to cancel the transfer from the Liquor Fund to the General
Fund in the amount of $765,100. In addition, the transfer from the Liquor Fund to the Art
Center Fund will be reduced from $200,000 to $100,000 and the transfer from the Liquor
Fund to the Golf Fund will be reduced from $485,000 to $285,000. Transfers from the
• Liquor Fund to the Arena Fund and Construction Fund for $200,000 each will be made in
2015 as planned for in resolution 2014-162.
Passed and adopted by the City Council on October 20, 2015.
ATTEST:
Debra A. Mangen, City erk James B. Hovland, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify
that the attached and foregoing Resolution was duly adopted by the Edina City Council at its
Regular Meeting of October 20, 2015, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 20_
• City Clerk
CITY OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0389