HomeMy WebLinkAboutResolution No. 2018-082 Amending Budget for FY 2018 RESOLUTION NO. 2018-082
RESOLUTION AMENDING THE BUDGET FOR
THE CITY OF EDINA FOR THE YEAR 2018
Whereas, the City Council adopted Resolution No. 2017-135 Setting the 2018 Tax Levy and Adopting 2018
Operating Budget on December 5, 2017.
Whereas, the 2017 Comprehensive Annual Financial Report presented to the Council on June
19, 2018, reported an unassigned fund balance in the General Fund of$2,264,771.
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 2018 budget is amended to transfer from the General Fund to the Construction
Fund $2,039,771.
Passed and adopted by the City Council on September 20, 2018.
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ATTEST: GL
Debra A. Mangen, City Cle I< Mary Brindle, Mayor Pro Tem
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 September 20, 2018, 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