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City of Mounds View Staff Report <br /> 4110 Highway 10 Pedestrian Bridge-Appendices <br /> February 21, 1997 <br /> Page 9 <br /> 7. Recreation Activity Fund Current Source: General Fund; Charges for Activities <br /> Code Reference: Section 203.06 <br /> These funds"shall be used for the direct operating expense of City-authorized recreation <br /> activities. These expenses shall include, but shall not be limited to, compensation of <br /> instructors, rents or the purchase of equipment or supplies for recreational activities." The <br /> balance in this fund as of 1995 was $98,672. City Council Resolution 4843 appropriated <br /> $10,800 from this fund for the pedestrian bridge project. (The balance reflects the fact <br /> that the appropriated funds have been moved to the pedestrian bridge account.) <br /> 8. Franchise Fee Current Source:Surcharge on Ui.°.?ty Bills <br /> Code Reference: Section 1401.0191. 12.01 <br /> The Municipal Code does not state a specific use for these funds. The practice has been <br /> to transfer money from this fund into the general fund in order to reduce the amount <br /> which must be levied through property taxes. The fee generates approximately V40,000 <br /> per year. The balance in this fund as of 1995 was $55,642. City Council Resolution 4843 <br /> 11, <br /> appropriated $81,642 from this fund for the pedestrian bridge project. (The balance <br /> reflects the fact that the appropriated funds have been moved to the pedestrian bridge <br /> account.) <br />