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Resolution Number 13 -01-3 <br /> A RESOLUTION AUTHORIZING THE CREATION OF <br /> FUND NUMBER 409 <br /> WHEREAS, the Council has determined that it will implement a capital equipment <br /> replacement program, and <br /> WHEREAS, the program will require on -going tax levies to support the projected costs, <br /> and <br /> WHEREAS, the Council desires to carry over from year to year, any unspent funds and <br /> WHEREAS, the best means of accounting for expenditures of revenue and expenses for <br /> the capital equipment replacement program is through a special purpose fund. <br /> NOW, THERFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF CENTERVILLE, MINNESOTA: <br /> 1. The Administrator shall create a new fund number 409 identified as Capital <br /> Equipment Revolving Fund. <br /> 2. The Administrator is hereby authorized to transfer capital funds for equipment <br /> remaining in the General Fund for the year 2013, in the amount of approximately <br /> $44,000 to the new fund. This transfer shall be recorded prior to closing the books <br /> on the 2013 budget. <br /> Adopted by the City Council this 23rd day of October 2013. <br /> Tom Wilharber, Mayor <br /> Teresa Bender, Clerk <br />