Res 69 - 282 Clarify Restrictions of General Funds Prior to 12/31/1967Village of Mendota Heights
Dakota County, Minnesota
RESOLUTION -1--N a
RESOLUTION TO CLARIFY
RESTRICTIONS OF GENERAL FUNDS
PRIOR TO DECEMBER 31, 1967
Whereas, the Village Council of the Village of Mendota Heights has
been requested by the Village's accountants, Wilkerson, Guthmann
and Johnson to clarify any restrictions of General Funds that
occurred prior to December 31, 1967 that existed on December 31,
1967; and
Whereas, the Village Council has determined that the only restric-
tion on General Funds existing on December 31, 1967 was for the
purpose of Parks and Recreation activities in -the original amount
of $19 968.17 which was invested in savings certificates that
had a value of $22 031.46 on December 31, 1967.
NOW THEREFORE, IT IS HEREBY RESOLVED by the Village Council of
the Village of Mendota Heights, Minnesota, as follows:
That on December 31, 1967 the only existing restriction
of General Funds was in the amount of $22 031.46 in the
form of savings certificates designated for Parks and
Recreation activities.
Adopted this 18th day of November, 1969.
VILLAGE COUNCIL
VILLAG MENDOTA EIGHTS
By_=Z
D
Mayor