RES 1990-113 - 000041181
RESOLUTION NO. 113
A RESOLUTION AUTHORIZING CHANGES IN APPROPRIATIONS FOR
THE CAPITAL IMPROVEMENT FUND AND AUTHORIZING THE TRANSFER
OF FUNDS FROM THE CAPITAL IMPROVEMENT FUND, GENERAL
CAPITAL IMPROVEMENTS DIVISION, TO THE MUNICIPAL CENTER
REMODELING FUND
WHEREAS, the City of Fridley authorized various contracts for
completion of the municipal center remodeling, and
WHEREAS, the project was substantially completed in 1989 and most
of the remaining payables were recognized at that time, and
WHEREAS, the last remaining payments of retainages on contracts
payable were made in 1990 resulting in a negative cash balance of
$14,409.21 in the Municipal Center Remodeling Fund, and
WHEREAS, additional funding of $14,409.21 is necessary to offset
the negative cash balance and finalize the project.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Fridley that
the 1990 budget be amended as follows:
CAPITAL IMPROVEMENT FUND
General Capital Improvement Division
Appropriation Adjustment
Other Financing Uses (Transfers Out) $14,409.21
Municipal Center Remodeling Fund
Revenue Adjustment
Other Financing Sources (Transfers In) $14,409.21
BE IT FURTHER RESOLVED, that the City Council of the City of
Fridley authorizes the transfer of funds from the Capital
Improvement Fund, General Capital Improvement Division, to the
Municipal Center Remodeling Fund in the amount of $14,409.21.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
17TH DAY OF DECEMBER, 1990.
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WILLIAM NEE - MAYOR
ATTEST:
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SHIRLEY A. HAAPALA CITY CLERK
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