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05-03-2021 Council Work Session Packet
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05-03-2021 Council Work Session Packet
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11/4/2021 10:53:20 AM
Creation date
11/4/2021 9:07:24 AM
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City Council
Council Document Type
Council Packet
Meeting Date
05/03/2021
Council Meeting Type
Work Session Regular
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4/30/2021 <br />4 <br />100s <br />General <br />Fund <br />Operating <br />budget <br />Primarily <br />supported by <br />property taxes <br />City Funds <br />200s <br />Special <br />Revenue <br />Funds <br />Must be used for <br />specific purposes <br />Revenue is <br />specific to the <br />cause <br />300 <br />s <br />400s <br />Capital <br />Project <br />Funds <br />The guiding plan <br />is the City’s multi- <br />year Capital <br />Improvement <br />Plan (CIP) <br />Debt Service <br />Funds <br />Used to pay <br />principal & <br />interest on <br />governmental <br />funds <br />600s <br />Enterprise <br />(Utility) <br />Funds <br />Revenue to <br />support both <br />operational <br />and capital <br />costs <br />Operating Budgets <br />For the General Fund and Special Revenue Funds Consider the Following <br />•Property taxes <br />•State Aid <br />•Grants <br />•Licenses <br />•Permits <br />•Charges for <br />Services <br />Revenue: <br />•Personnel <br />Services <br />•Supplies <br />•Other Services <br />and Charges <br />•Contractual <br />Services <br />•Capital Outlay <br />Expenditures: <br />•Total expenditures <br />less non-property <br />tax revenue <br />•Balanced Budget <br />Property Taxes:
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