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96 <br /> City Fund Balances <br /> The audited Fund Balances for City operations at the end of 1999 totaled <br /> $10,130,591. A review, of those funds and a description of their intended <br /> use for budget year 2000 are listed below. <br /> General Fund ($870,708) <br /> The General Fund provides resources for financing general services and daily operations of <br /> the City including Administration, Finance/Insurance, Police, Fire, Public Works and Parks <br /> Maintenance. <br /> The fund balance has been committed to support 2000 expenditures for: <br /> 1) $719,233 Working Capital <br /> 2) $ 79,661 Insurance Reserves <br /> 3) $ 14,306 Contract Insurance Reserves/Deductibles <br /> 4) $ 28,000 Unemployment Reserves <br /> 5) $ 29,508 Pre-Paid Insurance <br /> General Fund Reserves ($250,000) <br /> These reserves have been set aside to provide funding for unanticipated losses in revenue. <br /> • Accumulation of the reserves has been.in place for several budgeting years and helps <br /> provide the City with alternatives should an emergency arise because cuts in State Aid <br /> (LGA or HACA). <br /> Current allocation of the fund balance includes $100,000 for Budget Levy Reserves and <br /> $150,000 Levy Reserves for LGA/HACA. <br /> MSA Road Project Fund ($94,409) <br /> This fund is restricted to provide funding for reconstruction or renovation/design of streets <br /> and sidewalks that are designated as Minnesota State Aid Road Projects. Revenues are <br /> derived from State Aid funding of the projects. The fund balance is used to fund start up <br /> costs for future MSA projects and must be spent on the improvements of those roads. <br /> Recycling & Beautification Fund ($55,472) <br /> This fund is a restricted use fund that provides funding for recycling services and <br /> beautification of the City boulevards. A portion of the Management Assistant's salary Is <br /> charged to this fund. Grants from Hennepin and Ramsey Counties provide the primary <br /> funding for recycling. The fund is also committed as a revenue and expenditure source for <br /> the City's annual Clean-up Day. <br /> DARE Fund ($39,192) <br /> The DARE Fund is designated to provide funding for the education of youth and citizens of <br /> the community about the use of illegal substances and drugs. Revenues are derived from <br /> donations from private citizens, businesses and the I.S.D. #282 DARE Levy. The fund <br /> supports one-half of a police officer's annual wages. <br />