98-8662r
22
RESOLUTION NO. 8662
RESOLUTION AUTHORIZING ADJUSTMENT OF
1998 REVISED GENERAL FUND BUDGET
WHEREAS, the year-end 1998 General Fund Budget year will likely end with
underspent budget authorizations and revenues in excess of budget estimates; and
WHEREAS, the City has a number of ongoing infrastructure, capital asset and
productivity needs that have not been addressed in terms of budget appropriations in the
past several budget years due to budget constraints; and
WHEREAS, the aforementioned needs are reoccurring.
NOW, THEREFORE, BE IT RESOLVED that the City Manager is authorized to
take actions necessary to make adjustments to the 1998 revised General Fund Budget
by utilizing up to $260,000 of unspent year-end funds for the following purposes.
a) Up to $50,000 ~or Fire Station #2 Driveway and Parking Lot repair.
b) Up to $1 0,0001or Community Development and Finance remodeling.
c) Up to $200,000 for additional airport expenditures.
BE IT FURTHER RESOLVED that expenditures contained in this resolution
are authorized only to the extent that there are year-end unspent funds available.
Passed by the City Council of the City of Richfield, Minnesota this 14th day of
December, 1998.
h;a;;g ru
Martin J. Kir , Mayor
ATTEST: . ~
-$~ ~ ~
. -
Thomas P.Ferber, City Clerk