HomeMy WebLinkAbout20-020CITY OF LAKEVILLE
RESOLUTION NO. 20-20
RESOLUTION AMENDING THE 2020 GENERAL FUND BUDGET
WHEREAS, the 2020 budget was adopted on December 2, 2019; and
WHEREAS, the City approved a professional services agreement with Northland Securities Inc
as the City's municipal advisor on January 6, 2020; and
WHEREAS, the City approved a "Financial Sustainability and Resiliency Polity' on January 21,
2020 which articulated the importance of developing a long-term financial management plan to
support the concepts of financial sustainability and resilience as overall goals; and
WHEREAS, Northland Securities Inc has provided a not -to -exceed cost of $20,200 for the long-
term financial management planning models.
NOW, THEREFORE, BE IT RESOLVED the 2020 budget is amended as follows:
1) General Fund is amended in the amount of $20,200 using General Fund reserves as the
funding source.
ADOPTED by the Lakeville City Council this 2nd day of March 2020
CITY OF LAKEVILLE
Douglas P. Anderson, Mayor
ATTEST:
Charlene Friedges, City Cil' k