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• To comply with the League's recommendations, St. Anthony designates its reserves for inclusion <br /> in the annual audit/financial report. Presentation of the auditors review of the 1995 accounting <br /> records is scheduled for the May 28th Council Meeting. <br /> Upon examination of the 1995 audited financial records, staff has documented the designation <br /> of all Fund Balance Reserves and is providing Council with the following information for review <br /> and approval: <br /> RECOMMENDATION: <br /> A) Council designate the following as Reserved/Restricted Use Funds: <br /> 1) #205 MSA Construction Fund <br /> 2) #225 Recycling & Beautification Fund <br /> 3) #230 Police Forfeiture/Dare Fund <br /> 4) #240 Crime Prevention Fund <br /> 5) #301 Housing & Redevelopment Fund <br /> 6) #503 Road Improvement Bond Fund <br /> 7) #504 Street Improvement Construction Fund <br /> 8) #601 Community Service Center Fund <br /> 9) #701 Water/Sewer Fund <br /> 10) #702 Stormwater Improvement Fund <br /> • 11) #704 Water Contamination Fund <br /> B) Council designate reserves totaling$100,000.00 to Fund#201 for funding of anticipated <br /> 1996 revenue shortage of Liquor Profit Transfer. <br /> C) Council designate reserves totaling $15,000.00 to fund MFRS legal costs. <br /> D) Council designate reserves totaling $50,000.00 to fund Schnitzer legal costs. <br /> E) Council transfer reserves totaling $23,000.00 to Fund #509 to establish funding for <br /> Underground Storage/Gas Tank Removal. <br /> F) Council transfer Cable Franchise reserves totaling $16,572.00 to Fund #509 Revolving <br /> Improvement Fund. <br /> G) Council transfer severance liability funding totaling$16,715.00 to Fund#901 Vacation <br /> & Severance Fund. <br /> H) Council transfer Budget/Levy Reduction Reserves totaling $124,000.00 to Fund #509 <br /> Revolving Improvement Fund. <br /> 1) Council designate reserves totaling $14,000.00 from Falcon Heights contract to fund <br /> • unanticipated unemployment costs. <br />