The Taconite Capital of the World

City of Mountain Iron, Minnesota



Resolution Number 12-16 Financial

RESOLUTION NUMBER 12-16

 

TRANSFERRING FUNDS FROM THE GENERAL FUND TO THE CAPITAL IMPROVEMENT FUND AT THE END OF THE 2015 FISCAL YEAR

 

WHEREAS, the need presents itself for the transfer of funds from one city fund to the other to maintain the proper fund balance and fund future Capital Improvement Projects, and

 

WHEREAS, these transfers need to occur at the end of the City’s 2015 fiscal year.

 

NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF MOUNTAIN IRON, MINNESOTA that the following transfers take place at the end of the City’s 2015 fiscal year:

 

$300,000 is transferred from General Fund – Unreserved Fund balance to Capital Improvement – Unreserved Fund balance.

 

DULY ADOPTED BY THE CITY COUNCIL THIS 16th DAY OF FEBRUARY, 2016.

 

____________________________________

Mayor Gary Skalko

ATTEST:

 

__________________________________

City Administrator

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