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S:\1Council Meetings\2019\01082019\Resolution 19-015 Revision to Fund balance policy.docx <br />CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br /> <br />RESOLUTION 19-015 <br /> <br />A RESOLUTION APPROVING FUND BALANCE POLICY REVISIONS EFFECTIVE <br />AS OF 12/31/2018 <br /> <br /> <br />WHEREAS, the City of St. Anthony’s present Fund balance policy excludes expenses attributed to the <br />police services contract as part of the calculation of Minimum Fund Balance. <br /> <br />WHEREAS, the City of St. Anthony has similar expenses attributed contracted Financial/HR services <br />provided to the Mississippi Watershed Management Organization and the City of <br />Birchwood Village. <br /> <br />WHEREAS, the City of St. Anthony has expenses attributed to the Fire State Aid payment to the St <br />Anthony Fire Relief Association, for which a matching intergovernmental revenue source <br />exists. <br /> <br />WHEREAS, the City of St. Anthony’s Fund Balance policy should be revised to include contracted <br />Financial/HR services provided to the Mississippi Watershed Management Organization <br />and the City of Birchwood Village and the Fire State Aid payment to the St Anthony Fire <br />Relief Association as excluded expenses for the calculation of Minimum Fund Balance. <br /> <br /> <br /> <br />NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of St. Anthony Village <br /> the approve the Fund Balance Policy revisions state herein, effective as of 12/31/2018. <br /> <br /> <br /> <br /> <br />Adopted this 8th day of January, 2019. <br /> <br /> <br /> _____________________________ <br /> Jerome O. Faust, Mayor <br />ATTEST:____________________________ <br /> Nicole Miller, City Clerk <br /> <br /> <br />Reviewed for administration: ______________________________ <br /> Mark Casey, City Manager <br /> <br />103