Laserfiche WebLink
2018 Annual Report • Finance Department • St. Anthony Village, Minnesota <br /> <br /> <br /> <br />22 <br /> <br />V. Long Term Financial Management <br />COMPREHENSIVE REVIEW OF 2 019 -20 35 CAPIT AL FUNDS <br />With the participation of all City departments and WSB as City Engineer, the Finance <br />Department competed the updating of the 15 year Capital Funds Budget Document established <br />in 2014. The six capital funds included in the master document are: <br /> Buildings Improvement Fund <br /> Capital Equipment Fund <br /> Parks Improvement Fund <br /> Street Improvement Fund <br /> Stormwater Fund <br /> Utilities Infrastructure Fund <br />Each fund has unique sources, uses, purpose, and timelines. The documents provide a clear <br />picture of each fund’s short-term and long-term capital. In the second year of this document use <br />it has proven itself as a planning tool to ensure that all departments are equipped properly to <br />deliver a high level service to St. Anthony residents. <br />The information provided by these products has become the road map for capital funds sustainability. <br />The City includes its Financial Management Policy in the Annual Budget document which is <br />available on the City website. Keeping with Policy directives the City Council and Staff jointly <br />reviewed the larger and long term components of its current operations.