HomeMy WebLinkAbout20-152CITY OF LAKEVILLE
RESOLUTION NO. 20-152
RESOLUTION GRANTING BUDGET AMENDMENT AUTHORITY
WHEREAS, Minnesota State Statutes 412.711 requires councils to adopt an annual budget
by resolution which sets forth the total for each budgeted fund; and
WHEREAS, the City Council is required to approve an increase in total budgeted
expenditures or a transfer of funds using new/additional revenues or fund balance reserves;
and
WHEREAS, circumstances arise throughout the year where the total appropriations for a
fund are sufficient to cover the additional expense associated with a project or council
directive but the particular department incurring the cost does not have the sufficient funds
appropriated; and
WHEREAS, the City Administrator has reviewed the additional expense and the priority
of the project/directive and considers it appropriate to reallocate appropriations from one
department to another within the same budgeted fund; and
WHEREAS, the City Council deems it appropriate to grant the City Administrator
flexibility with managing projects or Council directives that arise throughout the year; and
WHEREAS, budget amendments would be reflected in the Amended Budget amounts
shown on the quarterly financial reports that are presented to the City Council.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakeville, that
the City Administrator is granted the authority to approve budget amendments between
departments within a budgeted fund pursuant to all adopted financial policies.
ADOPTED by the Lakeville City Council this 71 day of December 2020.
Douglas P. Anderson, Mayor
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Charlene Friedges, City erk