HomeMy WebLinkAboutResolution No. 2019-60 Amending 2019 Budget•
RESOLUTION NO. 2019-60
RESOLUTION AMENDING THE BUDGET FOR
THE CITY OF EDINA FOR THE YEAR 2019
Whereas, the City Council adopted Resolution No. 2018-125 Setting the 2019 Tax Levy and
Adopting the 2019 Operating Budget on December 4, 2018.
Whereas, the 2018 Comprehensive Annual Financial Report presented to the Council on June 18,
2019, reported an unassigned fund balance in the General Fund of $2,708,564.
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 2019 budget is amended to transfer from the General Fund to he Construction Fund
$2,458,564.
Passed and adopted by City Council on August 20, 2019.
ATTEST:
OF
Sharon Allison, City Clerk ames 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 August 20, 2019, 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