08-09RESOLUTION NO. 2008 — 09
CITY OF OTSEGO
COUNTY OF WRIGHT, MINNESOTA
A RESOLUTION APPROVING CARRYOVER OF UNEXPENDED PUBLIC WORKS
MONIES
WHEREAS, the 2007 budget included monies for pavement management and trail
management,
WHEREAS, the 2007 budgeted amounts were not all expended during the year,
WHEREAS, the City has determined that a long-term pavement and trail management
program are needed to maintain the infrastructure and that a separate special revenue
fund should be established to account for this ongoing program,
WHEREAS, the unexpended balance for pavement and trail management is $95,193 and
$25,000, respectively,
WHEREAS, such transfer will be reflected in the 2007 year end financial report, and
WHEREAS, the accounting transfers require the approval of the City Council by a
resolution and to properly document this financing and approval,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF OTSEGO,
MINNESOTA THAT THE FOLLOWING ACCOUNTING TRANSFERS BE
APPROVED:
The total of $120,193 is hereby transferred from the General Fund to establish the
Pavement and Trail Management Special Revenue Fund.
Approved by the City of Otsego Council this I& day of March, 2008.
ATTEST:
� '�J ' L�Ljt4(�Y\
J d3 Hud", , City Clerk