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WE <br />CITY OF ST. ANTHONY <br />RESOLUTION 11-074 <br />A RESOLUTION COMMITTING SPECIFIC REVENUE SOURCES <br />IN SPECIAL REVENUE FUNDS FOR THE CITY OF ST. ANTHONY <br />WHEREAS, The Governmental Accounting Standards Board's Statement #54 definition of <br />special revenue funds states that special revenue funds are used to account for and report the <br />proceeds of specific revenue sources that are restricted or committed to expenditures for <br />specified purpose other than debt service or capital projects; and, <br />WHEREAS, The term "proceeds of specific revenue sources" established that one or more <br />specific restricted or committed revenues should be the foundation for a special revenue fund <br />and comprise a substantial portion of the fund's revenues; and, <br />WHEREAS, Investment earnings and transfers from other funds do not meet the definition of a <br />specific revenue source; and, <br />WHEREAS, Council action is required to formalize the commitment of the specific revenue <br />sources to specified purposes. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St. Anthony that effective <br />November 22, 2011 the specific revenue source of each special revenue fund and the specific <br />purposes for which they are restricted or committed are as follows: <br />Special Revenue Fund <br />Specific Revenue Sources <br />Committed Fund Balance <br />Restricted Fund Balance <br />#601 Community Center Fund <br />-----...---...-----....------- <br />Rental Receipts <br />Operation/Maintenance of <br />-------------------- <br />Community Center Bldg. <br />4230 Police Forfeiture Fund <br />Forfeited Property <br />Defined by State Statute <br />169A.63, Sub. 10 (b)(1) <br />#225 Recycling Fund <br />Hennepin/Ramsey County <br />Recycling and Clean -Up <br />Grants and Charges for <br />Day Services. <br />Services for Clean -Up Day. <br />#301 HRA General Fund <br />Tax Levy <br />Residential/Commercial <br />Redevelopment Activities. <br />6240 Fire Training Fund <br />Administration Fees and <br />Fire Department Education <br />Charges for Services <br />and Training. <br />Passed and adopted this 22nd day of November, 2011. <br />Attest: <br />City Clerk <br />Mayor <br />Interim City Manager <br />