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• Manage the City's insurance programs and evaluate and recommend modifications to ensure <br /> maximum protection at minimum cost; <br /> • Oversee the debt management program of the City; and <br /> • Oversee the City's general purchasing program. <br /> BUDGET IMPACT <br /> Personnel: <br /> Personnel in this program consist of the following: <br /> • Finance Director <br /> • Accountant <br /> • Payroll Clerk <br /> No new staffing positions are projected for the next five years. <br /> General Expenditures: <br /> Economic conditions have precipitated reductions in the amounts of Federal and State aid to cities. <br /> Those reductions have challenged the City of Mounds View to maintain levels of service to their <br /> citizens with reduced revenues. The City has met this challenge through improved financial planning. <br /> The annual budget has been substantially improved as a result of greater involvement and participation <br /> 410 by staff and Council. <br /> Financial self-sufficiency is an on-going goal of the City. To achieve this goal the Finance Department <br /> will identify various user and/or franchise fees which may be applicable to the City and report these to <br /> the City Council. The Department will also look at various funding sources which may be used for the <br /> improvement and/or expansion of the City's infrastructure, parks and open spaces. <br /> B. CAPITAL IMPROVEMENT PLAN <br /> Capital equipment projections are included in the Capital Equipment Plan. <br /> C. CAPITAL BUDGET <br /> Funding for capital improvement projects may be through a variety of funding sources: <br /> • General Fund <br /> • Water Fund <br /> • Sewer Fund <br /> • Surface Water Management Fund <br />