Agenda Packets - 1989/09/25 - Laserfiche WebLink

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Long -Term Financial Plan Page Thirty -Three The feasibility of a repair and betterment account is being considered. Such as account would provide fuc.dirg for repair and for Improvement of equipment or facilities whose need Is unanticipated and hence unbudgeted. The City has been active and will so in searching for and lzing various continue to be utilit Federal and Slate Grant Programs to lessen reliance on the property tax levy. One area In which the City has been active is in obtaining manpower through the Minnesota Emergency Employment Development Program OHEED) and the Jobs Partnership Training Act (JPTA) and their Predecessors. These programs have provided the City with additional manpower In the following areas: Public Works Maintenance, Parks Maintenance, Parks and Recreation Administration, and General Administration. An area in which the City has been successful in obtaining grants -in -aids has been street maintenance. Increased revenues for maintenance of Minnesota State Aid (MSA) streets have been obtained for 1984-198s. It is the City will continue to receive that increased maintenance funds in the future. Other grants -in -aids received b y tile City include: Civil Defense, Police Trainin Police and Fire state Aids to offset 9 and fire department pension costs. Police and Through these revenue sources the City seeks to reduce reliance on property tax levies. Additionally, property taxes and all other revenue sources are used to meet the cigoals ty-s Of achieving balanced budgets by financing current services with current revenues. 2. UtllitV Services Current operations of the Water and Sewer utilities should be financed entirely from the fees charged the users of the facilities. User fees should be established at a level sufficient to provide for annual recurring operating expenses, depreciation expenses, retirement of bonded debt, and an allowance for emergency repairs. This will ensure that • utilities users of the will pay their fair share for services received and will also maintain the financial Integrity of the Water and Sewer Fund.