Laserfiche WebLink
9. Minnesota Department of Natural Resources Grant Fund. <br /> (a) The Minnesota Department of Natural Resources Grant (DNR) Fund shall be used <br /> to account for all grant monies received from the DNR for forestry projects. <br /> <br />(b) Funding shall consist of the following source: <br /> ( 1 ) Grant funds fi'om the Department of Natural Resources. <br /> <br />(c) Expenditures shall consist of the following uses: <br /> (1) Allowable costs as outlined in the grant agreement. <br /> <br />(d) This f'und is not eligible for inter-fund loans. <br /> <br />10. <br /> (a) <br /> <br />Equipment Revolving Fund. <br />The Equipment Revolving Fund shall be used to account for resources to finance <br />the replacement/addition of City equipment, vehicles and/or buildings and <br />facilities. <br /> <br />(b) Funding shall consist of the following sources: <br /> (l) Transfers from the Landfill Tipping Fee Fund of seventy-five percent (75%) of <br /> tipping fees received during the life of the Anoka Regional Sanitary Landfill; and <br /> (2) Transfers from non-proprietary fund types in the amount of the annual <br /> depreciation to be held and invested in order to provide funds for the replacement <br /> of equipment, vehicles, and/or buildings and facilities; and <br /> (3) Interest earnings on the Equipment Revolving Fund from the distribution <br /> of pooled interest earnings; and <br /> (4) Transfers fi'om the General Fund at year-end for excess General Fund Revenue <br /> as outlined in the Excess/Deficient General Fund Revenue Policy (#94-02-045). <br /> <br />(c) <br /> (1) <br /> <br /> Expenditures shall consist of the following uses: <br /> Transfers to non-proprietary fund types for costs associated with the replacement <br /> of equipment, vehicles, and/or buildings and facilities in an amount not to exceed <br /> the lesser of seventy-five percent (75%) of the replacement cost or one hundred <br /> percent (100%) of the depreciated value; and <br />(2) Transfers to non-proprietary fund types for costs associated with the purchase of <br /> non-replacement equipment, vehicles, and/or buildings and facilities in an <br /> amount not to exceed fifty percent of remaining cumulative interest earnings and <br /> General Fund Excess Revenue transfers unless authorized by 2/3 majority vote of <br /> City Council. Remaining cumulative interest earnings and General Fund Excess <br /> Revenue transfer will be that balance that remains after all authorized non- <br /> replacement equipment purchases have been accounted for; and <br />(3) Transfers to the General Fund at year end for deficient General Fund Revenue as <br /> outlined in the Excess/Deficient General Fund Revenue Policy (#94-02-045); and <br />(4) Trm~sfers to the General Fund for unscheduled, unbudgeted, maintenance <br /> repair, whereas such cost exceeds $10,000 and Council declares that an <br /> emergency situation has occurred. <br /> <br />(d) <br /> <br />Fund Balance shall be increased and maintained at a minimum level equal to one <br />hundred percent (100%) of the total accumulated depreciated cost of all <br />equipment, vehicles, and/or buildings and facilities in the Equipment Revolving <br />Fund. <br /> <br />Page 5 of 13 <br /> <br /> <br />