HomeMy WebLinkAboutCC RES 11-074 RESOLUTION COMMITTING SPECIFIC REVENUE SOURCES IN SPECIAL REVENUE FUNDS FOR THE CITY OF ST. ANTHONY Meeting Sheet
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103803
Box: 31
Folder: RES 2011
Document: CC RES 11-074 RESOLUTION COMMITTING SPECIFIC
REVENUE SOURCES IN SPECIAL REVENUE FUNDS FOR THE CIN OF ST.
ANTHONY
CITY OF ST. ANTHONY
RESOLUTION 11-074
A RESOLUTION COMMITTING SPECIFIC REVENUE SOURCES
IN SPECIAL REVENUE FUNDS FOR THE CITY OF ST. ANTHONY
WHEREAS,The Governmental Accounting Standards Board's Statement#54 definition of
special revenue funds states that special revenue funds are used to account for and report the
proceeds of specific revenue sources that are restricted or committed to expenditures for
specified purpose other than debt service or capital projects; and,
WHEREAS, The term "proceeds of specific revenue sources" established that one or more
specific restricted or committed revenues should be the foundation for a special revenue fund
and comprise a substantial portion of the fund's revenues; and,
WHEREAS, Investment earnings and transfers from other funds do not meet the definition of a
specific revenue source; and,
WHEREAS, Council action is required to formalize the commitment of the specific revenue
sources to specified purposes.
NOW,THEREFORE, BE IT RESOLVED by the City Council of the City of St. Anthony that effective
November 22, 2011 the specific revenue source of each special revenue fund and the specific
purposes for which they are restricted or committed are as follows:
Special Revenue Fund Specific Revenue Sources Committed Fund Balance Restricted Fund Balance
#601 Community Center Fund Rental Receipts Operation/Maintenance of
Community Center Bldg.
#230 Police Forfeiture Fund Forfeited Property Defined by State Statute
169A.63,Sub. 10(b)(1)
#225 Recycling Fund Hennepin/Ramsey County Recycling and Clean-Up
Grants and Charges for Day Services.
Services for Clean-Up Day.
#301 HRA General Fund Tax Levy Residential/Commercial
Redevelopment Activities.
#240 Fire Training Fund Administration Fees and Fire Department Education
Charges for Services and Training.
Passed and adopted this 22nd day of November, 2011.
L r-
,Mayor
Attest: ( �-' U A,a
City Clerk
Interi City Manager