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. ain ho <br /> tu <br /> Oilla e <br /> DATE : APPROVAL : <br /> July 5, 1990 <br /> TO : Mayor and Councilmembers <br /> FROM : <br /> Roger A. Larson, Finance Director <br /> I TEM : DESIGNATION OF UNAPPROPRIATED FUNDS <br /> The City Council met 7/3/90 to discuss designation of - St. Anthony's <br /> unappropriated fund balances. The consensus was to designate these <br /> unreserved funds as follows: <br /> 1) Working Capital $ 451,731.83 <br /> 2) Self Insurance $ 40,435. 00 <br /> 3) Municipal Buildings $ 1, 000, 000.00 <br /> 4) Crime Prevention $ 2, 154.48 <br /> 5) Capital Equipment $ 196, 124 . 56 <br /> 6) Road Improvements/Feasibility Studies $ 117,311. 50 <br /> 7) Beautification/Tree Planting $ 2, 564 . 37 <br /> The earmarking of these reserves complies with the recommendation from <br /> the League of Minnesota Cities to include these designations in the <br /> City' s State Audit Report. In addition, these designations are included <br /> in St. Anthony's 1989 Financial Statements. <br /> It should be noted that the Tree Planting/Beautification designation <br /> closes the Doppler Radar Checking Account #990-29-639. The balance will <br /> be placed in Fund #225 Recycling & Beautification. <br /> RECOMMENDATION <br /> The City Council approve designation of $1,810,321.74 as outlined above <br /> and close the Doppler Radar account at Firstar St. Anthony Bank. <br /> 071090. <br />