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After consulting with Finance Director Brager, it is advised that 3 months <br /> of expenses be available for cash flow purposes in order for the fund to <br /> be financially independent, i.e the City has enough cash to pay its bills <br /> (the City bills quarterly and pays monthly) . Otherwise, other funds will <br /> lose interest earnings if a fund has cash deficits. In addition, our <br /> auditors have recommended a designation for contingency of 5-10% of an <br /> annual budget. <br /> Some other considerations that should be kept in mind include: 1) with each <br /> new light that is added, the cost of supplying electricity increases; 2) <br /> new additions in the City, such as Greenfield Ponds, golf course, business <br /> developments, etc. . . , will require additional lights and electricity; and <br /> 3) if the Highway 10 corridor is truly going to become a reality, lighting <br /> • some kind will be re•uired. <br /> The rates in each of the scenarios are just examples of what could be done. <br /> A computer will be available at the worksession if there are other ideas. <br /> The rates can be easily plugged into the formula to determine how they <br /> might impact the fund balance. <br /> Per Resolution No. 4216, the current rates are in effect until December 31, <br /> 1993 . If the rates were to be changed, they could become effective January <br /> 1, 1994 . <br />