2016-49 CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES,MINNESOTA
DATE: July 11,2016 RESOLUTION NO: 2016-49
MOTION BY: McDonald SECONDED BY: Campion
A RESOLUTION AUTHORIZING A TRANSFER FROM THE GENERAL FUND
SURPLUS FROM THE YEAR ENDING DECEMBER 31,2015, AND THE CLOSING OF
FUND #600 (SPECIAL ASSESSMENT PROJECT FUND) WITH ANY REMAING
FUNDS TO BE TRASFERRED TO THE REVLOVING ASSESSMENT
CONSTRUCTION FUND (FUND #601)
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CHANHASSEN
AS FOLLOWS:
1. That the city had a surplus in the city's General Fund for fiscal year ending
December 31, 2015 of$421,281; and
2. That a transfer of$120,000 from the city's General Fund (101) to the city's Capital
Equipment Construction Fund (400), to be used for the ongoing construction of
picnic shelters in the various neighborhood parks; and
3. A transfer of$301,281 from the city's General Fund (101) to the city's Revolving
Assessment Construction Fund (601) to aid in the funding of the ongoing city
portion of street reconstruction projects; and
4. A transfer of the remaining cash balance in the Special Assessment Project Fund
(600) of$81,084 to the Revolving Assessment Construction Fund (601); and
5. The permanent closing of the Special Assessment Project Fund (600).
Passed and adopted by the Chanhassen City Council this 11th day of July, 2016.
ATTEST:
.-116• 41. i�IGFt1-144 cit..--
Tgd(I Gerhardt, City Manager Denny Lauknburger,/Mayor a
YES NO ABSENT
Laufenburger None Tjornhom
Campion
McDonald
Ryan