RES 15-07CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2015-07
RESOLUTION APPROVING INTERFUND TRANSFER OF MONIES
WHEREAS, operations in the General Fund of the City of Otsego for fiscal year 2014 have
produced a net excess of revenues; and
WHEREAS, such excess revenues may be used at the discretion of the City Council for
activities and projects beneficial to the City government; and
WHEREAS, previously unfunded repair and maintenance projects for storage racks and garage
door replacements are needed.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
OTSEGO, WRIGHT COUNTY, MINNESOTA THAT:
1. Transfer of $ 12,500.00 from the General Fund to the Revolving Capital Improvement
Fund is authorized for the end of the 2014 fiscal year with said funds being authorized for
use in purchase and installation of storage racking at a maximum cost of $ 4,500.00 and
replacement of garage doors at the City's storage facility at a maximum cost of $
8,000.00.
2. Transfer of $ 8,000.00 from the General Fund to the Park Development Fund to defray
the cost of transporting and planting donated trees. The expenditure of funds from the
Park Developemtn Fund is also authorized for that purpose.
ADOPTED by the Otsego City Council this 26th day of January, 2015.
MOTION made by Council Member Schroeder and SECONDED by Council Member
Darkenwald
IN FAVOR.• Heidner, Darkenwald, Schroeder, Warehime
OPPOSED: None
ATTEST:
CITY OF OTSEGO
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Vern Heidner, Acting Mayor
Tami Loff, City CLerk