HomeMy WebLinkAboutres_10576EXTRACT OF MINUTES OF MEETING OF THE
CITY COUNCIL OF THE CITY OF ROSEVILLE
Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of
Roseville, County of Ramsey, Minnesota was duly held on the 3rd day of December 2007 at 6:00
p.m.
The following members were present: Kough, Roe, Ihlan, Pust and Klausing
and the following were absent: none.
Member Pust introduced the following resolution and moved its adoption:
RESOLUTION 10576
RESOLUTION TRANSFERRING MONIES FROM THE TAXPAYER REDUCTION
FUND TO THE GENERAL AND PARKS & RECREATION FUNDS; AND
ABOLISHING THE TAXPAYER REDUCTION FUND
WHEREAS, the City Council of the City of Roseville, Minnesota desires to establish financial
and budget policies that provide for the sustainability of City programs, services and
infrastructure; and
WHEREAS, the City Council has previously adopted an Operating Fund Reserve Policy that
establishes target cash reserve levels; and
WHEREAS, the City maintains a Taxpayer Reduction Fund whose structure is no longer
consistent with generally accepted accounting practices.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Roseville,
Minnesota, that the following actions be taken.
1) A transfer of $400,000 shall be made from the Taxpayer Reduction Fund to the Parks &
Recreation Fund
2) A transfer of $1.5 million (and any residual monies) shall be made from the Taxpayer
Reduction Fund to the General Fund
3) Upon the transfer of all monies as prescribed above, the Taxpayer Reduction Fund is
hereby abolished.
The motion for the adoption of the foregoing resolution was duly seconded by Member Roe
and upon a vote being taken thereon, the following voted in favor thereof: Kough, Roe, Ihlan,
Pust and Klausing
and the following voted against the same: none.
WHEREUPON, said resolution was declared duly passed and adopted.
1
Resolution Transfering Monies from Taxpayer Reduction Fund
To General & Parks and Rec Funds; and Abolishing Taxpayer
Reduction Fund
STATE OF MINNESOTA )
ss
COUNTY OF RAMSEY )
I, the undersigned, being the duly qualified City Manager of the City of Roseville,
County of Ramsey, State of Minnesota, do hereby certify that I have carefully compared
the attached and foregoing extract of minutes of a regular meeting of said City Council
held on the 3rd day of December, 2007 with the original thereof on file in my office.
WITNESS MY HAND officially as such Manager this 3rd day of December, 2007.
r-~.
William J. Malinen, City Manager
(Seal)