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13 <br />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 1996 accounting <br />records is scheduled for the May 6th Council Worksession. <br />Upon examination of the 1996 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 $ 7,000.00 from Falcon Heights contract to fund <br />unanticipated unemployment costs. <br />C) Council transfer contract reserves totaling $ 9,900.00 to fund #401 to fund '97 squad <br />car. <br />D) Council transfer contract reserves totaling $47,550.00 to fund #509 for future capital <br />equipment purchases. <br />E) Council designate reserves totaling $ 519.02 to replenish costs incurred for MPRS legal <br />expenses (Total Reserves = $ 15,000.00). <br />F) Council designate reserves totaling $15,905.74 to replenish costs incurred for Schnitzer <br />legal expenses (Total Reserve = $ 50,000.00) <br />G) Council designate reserves totaling $27,056.00 to fund Insurance Reserves Fund. <br />H) Council transfer reserves totaling $ 23,000.00 to fund #509 to increase funding for <br />Underground Storage /Gas Tank Removal (Total Reserve = $ 46,000.00). <br />1) Council transfer reserves totaling $ 30,000.00 to fund #509 to establish funding for Pole <br />Building for Salt /Sand Pile. <br />