Laserfiche WebLink
Liquor Fund (705) – $3,152,099 <br />The Liquor Fund is an enterprise fund used to account for operations from the City’s municipal liquor stores. <br />Profits from operations are directed to reducing the general fund levy. The fund balance is substantially <br />comprised of inventory, buildings, and fixtures. <br />Stormwater Utility Fund (706) – $9,410,982 <br />The Stormwater Utility Fund was established in 2015. The primary source of revenues for this fund is the <br />stormwater charges. These charges are used for stormwater maintenance costs, stormwater capital <br />equipment, and flood control projects along with providing funds for Debt Levy relief in connection with the <br />annual infrastructure improvements. The fund balance is substantially comprised of capitalized stormwater <br />infrastructure and land. <br />Severance Fund (901) – $263,964 (Cash) <br />The Severance Fund is a restricted use fund that provides funding for employee personal leave and comp– <br />time severance paid upon their termination of employment with the City. The City’s liability for 2023 totaled <br />$554,448. The City established an annual fund transfer in 2014 to meet severance obligations as they come <br />due. <br />72