HomeMy WebLinkAboutResolution No. 2021-35 Amdending 2020 Budgeted Liquor Transfers
RESOLUTION NO. 2021-35
AMENDING THE 2020 BUDGETED LIQUOR TRANSFERS
WHEREAS, the City’s 2020 Budget included a transfer from Edina Liquor to various
enterprise funds and the construction fund to support their operations; and
WHEREAS, due to COVID-19, the enterprises scheduled to receive a Liquor transfer were
either closed or had their operations restricted based on the Governor’s Executive Orders limiting the
size of gatherings; and
WHEREAS, Edina Liquor’s revenues were also impacted by the pandemic resulting in 2020
Net Income less than the budgeted transfer amount; and
WHEREAS, to ensure that the affected funds maintain positive cash balances, provide
continued support for the construction fund and to reduce the amount of transfer from Edina Liquor
without using fund balance, the following action will be taken; and
NOW THEREFORE BE IT RESOLVED by the City Council of the City of Edina,
Minnesota, that the following amendment be made to the 2020 Budgeted Liquor Transfers:
FACILITY BUDGETED TRANSFER RECOMMENDED TRANSFER
Art Center 225,000 125,000
Braemar Arena 300,000 300,000
Centennial Lakes Park 100,000 0
Construction Fund 175,000 175,000
TOTAL LIQUOR TRANSFER $800,000 $600,000
Passed and adopted by the City Council on April 20, 2021.
ATTEST:
Sharon Allison, City Clerk 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 April 20, 2021, and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of , 20____.
City Clerk