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eMIXEC] E Mayor Sullivan introduced the following resolution and <br />move its adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 99-35 <br />RESOLUTION DESIGNATING GENERAL FUND, FUND BALANCE <br />FOR THE YEAR ENDED DECEMBER 31, 1998 <br />WHEREAS, fund balances need to be reserved or designated, and <br />WHEREAS, the City Council has determined priorities to reserve and designate funds, and <br />WHEREAS, the amount to reserve or designate is $3,383,887.00. <br />WHEREAS, the amount unreserved and undesignated is $27,444.00 <br />NOW THEREFORE BE IT RESOLVED, that the following reservations and designations be <br />authorized effective December 31, 1998. <br />Reserved for prepaid items $ 98,453 <br />Requirements per Res # 91-03 <br />1) Cash Flow Reserve $1,696,600 <br />2) Compensated Absences 214,857 <br />3) General Contingency 761,335 <br />subtotal $2,672,792 <br />Discretionary <br />1) Designated for finance computer equipment $ 29,658 <br />2) Designated for parks playground equipment 25,824 <br />3) Designated for road reconstruction 33,730 <br />4) Designated for LGA/HACAfunding losses 250,000 <br />5) Designated for Civic Center Construction 100,000 <br />6) Designated for custodian & equipment— Civic Center 30,000 <br />7) Designated for technology at new City Hall 51,000 <br />8) Designated for voting machines 24,000 <br />9) Designated for bleacher replacement 25,000 <br />10) Designated for Mallard Lane (Partial city share) 28,000 <br />11) Designated for Wenzel Farm trail clearing 5,000 <br />12) Designated for improvements to old City Hall 10,430 <br />Total Reserved and Designated $3,383,887 <br />Total Unreserved and Undesignated $ 27,444 <br />Total Fund Balance $3,411,331 <br />