HomeMy WebLinkAboutResolution No. 2016-069 Amending 2016 Budget o
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RESOLUTION NO. 2016-69
RESOLUTION AMENDING THE BUDGET FOR
THE CITY OF EDINA FOR THE YEAR 2016
Whereas, the City Council adopted Resolution No. 2015-121 Setting the 2016 Tax Levy and Adopting
2016 Operating Budget on December 15, 2015.
Whereas, the 2015 Comprehensive Annual Financial Report presented to the Council on June
21, 2016, reported an unassigned fund balance in the General Fund of$64,542.
Whereas, the City's goal is to maintain appropriate financial reserves in the General Fund, and the City
Council has adopted a fund balance policy for the General Fund. The fund balance policy states that, to
the extent possible, unassigned fund balance in the General Fund should be transferred to the
Construction Fund to support capital improvements and equipment.
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Edina, Minnesota, as
follows:
The 2016 budget is amended to transfer from the General Fu to the Construction
Fund $64,542.
Passed and adopted by the City Council on August 3, 2016.
ATTEST:
Debra A. Mangen, Co Clerk James B. Hovland, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA }
CERTIFICATE OF CITY CLERK
1, 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 August 3, 2016, 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 952-826-0390