01-26-1978 Agenda & Packet - Laserfiche WebLink

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. PARK AND PLAYGROUND FUND PUBLIC IMPROVEMENT REVOLVING FUND SPECIAL POLICE FUND This fund provides monies for acquisi- This fund provides an accounting record, Mtion and development for parks, play- as required by state law, of police aid grounds, or drainage areas. It is sup- This fund was established in 1962 to finance any public monies received from the State of Minne- ported by cash dedications required of improvement ordered by the City Council . The fund balance sota. The 1971 State Legislature im- all subdivisions of land in Mounds View. is to be maintained by special assessments, general tax levies, posed a one percent tax on automobile or contributions from other funds. In 1974 the Council insurance premiums. Proceeds of this Staff proposes expenditure of $26,800 adopted a policy of depositing in this fund revenues from tax are to be distributed 20% to the , from this Fund in 1978 for the following: forfeited tax land sales and penalties on all late special Public Employees Retirement Association, assessment payments. At the same time Council determined - Police and Fire Pension Fund, and 80% park project cost that a primary use of the Revolving Fund would be to finance to municipalities maintaining their own Hillviewgrading & fill $ 1 ,000 a continuing program of seal coating city streets. police departments. The latter distri- bution is made on the basis of popula- Oakwood skating rink 2,000 Seal coating bids received in 1976 were deemed unacceptable tion and assessed value of real property. tot lot 3,500 and the project was postponed until 1977. This budget pro- tot lot 3,500 poses appropriation to seal coat the district originally As in previous years, this budget pro- Lambertplanned for 1976 plus a portion of the next district. Efforts poses to transfer these monies to the Woodcrest hockey rink 3,500 to reduce these project costs include in-house repair of all General Fund to help fund police depart- lighting 8,000 but major street failure, coordination with the annual street ment pension costs. ballfield 2,000 sweeping program to avoid sweeping duplication, and stock- fencing 1 ,800 piling of used aggregate to reduce future years' aggregate Edgewood school ballfield 1 ,500 needs. Not funded above are fencing and picnic Balance January 1 , 1977 $ 90,244 1977 current tables for Groveland Park, fencing and revenues estimated $ 6,250 Aft a bridge for Greenfield Park, and bench- IIP es for all parks which are items inclu- Revenues Expenses 1978 current ded in the 1978 portion of the Park revenues estimated 6,500 Commission's capital improvement plan. 1977 estimated $ 41 ,000 $ 28,918 1978 proposed 25,000 40,000 1977 transfer to Balance December 31 , 1977 $ 22,715 General Fund $ 6,250 1978 revenues estimated 13,930 1978 transfer to Balance available for General Fund 6,500 1978 expenditures proposed 26,800 appropriation $ 87,326 Balance availabe for appropriation $ 9,305 TOTAL $ 12,750 $ 12,750 Page 29