My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
09-11-2019 Workshop & Council Packet
>
City Council Packets
>
2010-2019
>
2019
>
09-11-2019 Workshop & Council Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
9/10/2021 1:02:00 PM
Creation date
7/28/2021 2:36:48 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
125
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br /> <br />Special Revenue Funds <br />The City of Little Canada currently operates Special Revenue Funds for its Economic <br />Development Authority, Parks & Recreation, Cable TV, and Recycling & Disposal. City staff is <br />currently reviewing these revenue sources to determine if any changes are needed. A <br />conservative 25% reduction in the Cable Franchise Fee revenue is currently included in the <br />2020 budget based on the recent FCC ruling. <br /> <br />Debt Service Funds <br />The City of Little Canada holds a bond rating of Aa+ from Standard & Poor’s. The City of Little <br />Canada currently has two outstanding bond issues, three note issues, and one interfund loan <br />reflected in its Debt Service Funds. <br /> <br />Capital Project Funds <br />The City of Little Canada has many Capital Project Funds, including the General Capital <br />Improvement Fund and the Infrastructure Capital Improvement Fund. Capital Project Funds are <br />utilized for capital expenditures and were discussed at a prior workshop when we reviewed the <br />2020 Capital Improvement Plan (CIP). <br />Enterprise Funds <br />The City of Little Canada currently has two enterprise funds (Water Fund & Sewer Fund). A <br />utility rate study is currently in progress, and it is anticipated that this study will be completed <br />before the final budget adoption in December. Based on recent and ongoing needs for storm <br />water improvements, staff is also exploring the possibility of establishing a Storm Sewer Fund. <br /> <br />Conclusion <br />We would like to acknowledge the contributions from City staff and members of the leadership <br />team for their contributions to the proposed budget. We would also like to recognize the time <br />and effort put forward by City Council members throughout the budget process. Together we will <br />continue to assure that the citizens of Little Canada get the best value for their tax dollar. <br /> <br />DRAFT DOCUMENT 7
The URL can be used to link to this page
Your browser does not support the video tag.