Laserfiche WebLink
Special Revenue Funds <br />Most of the special revenue funds are small and the budgets are driven by the specific revenues received. <br />The most note worthy are the Cable, EDA, Community Center, and TIF 5 as they have the most significant <br />activity. The EDA fund will be funded by an EDA levy not exceeding $100,000, transfers from TIF 5 and <br />6 that is limited to a percentage of the increment (approx. $90,000), and a $50,000 transfer from the <br />General Fund. <br />Debt Service Fund <br />This fund accounts for a tax levy to pay the debt service for the Public Works facility, the amounts <br />correspond to principal and interest amounts due on February 1 and August 1 and are collected the year <br />prior to the debt service payment. <br />Strategic Plan Goals <br />Financial Stability <br />Maintain Infrastructure <br />Diversity & Outreach <br />Employee Recruitment & Retention <br />Business Retention & Expansion <br />Staff would recommend that the Council review the funds and make any recommendations that they may <br />have. <br />Respectfully Submitted, <br />Mark Beer, Finance Director <br />