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94-25 CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES, MINNESOTA DATE: February 14, 1994 RESOLUTION NO: 94-25 MOTION BY: Senn SECONDED BY: Dockendorf A RESOLUTION REALLOCATING THE 1994 CONTINGENCY FUND TO FUND REDUCED REVENUES WHEREAS, the "Local Government Aid Trust Fund" is projected to have a deficit of approximately $44 million by the end of 1994; and WHEREAS, this will amount to an approximate $72,000 reduction in the City's HACA distribution payment. NOW, THEREFORE, BE IT RESOLVED that the Chanhassen City Council hereby approves amending the 1994 budget as follows: . The $33,000 contingency fund in the park and recreation budget be used to help off-set the budget deficit. e Department heads review their budgets and determine cuts that will equal approximately $40,000. Passed and adopted by the Chanhassen City Council this 14th day of February, 1994. ATTEST: Don Ashworth, Cit~'-~k/Manager YES Mason Wing Dockendorf Senn NO None ABSENT Chmiel