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Management Letter <br />- General Fund: <br />• Alternative calculation of cash <br />flow and contingency <br />designations: <br />Calculation of Cash Flow Designation <br />2008 levy * $2,796,900 <br />Applicable percentage 50% <br />Recommended cash flow designation $1,398,450 <br />*Includes market value homestead credit aid. <br />2008 tax levy <br />Applicable percentage <br />Contingency designations <br />Total cash flow and contingency designations <br />St. Anthony working capital designation <br />Member of HLB International <br />13 <br />$2,796,900 <br />10% <br />$279,690 <br />$1,678,140 <br />$1,261,452 <br />Tautges Redpath, Ltd. <br />