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Specific Parameters for 2001 <br />[Financial Management Plan <br />Review the City's financial position <br />Fund balances <br />Annual operating surplus or deficit <br />Dates when TIF districts will be decertified <br />Rigorous review of capital improvement plan and capital <br />equipment needs with City staff <br />Assure all capital needs are incorporated <br />Completed review with each department at a Council work session <br />Review existing debt and future debt payments to determine <br />ability to pay off early or refinance at lower rates to assure City <br />can continue the road improvement program <br />Completed debt study & future debt analysis <br />Review fund balance policy to determine if it is adequate or <br />needs to be increased <br />Keep General Fund Levy at or below 5.12% increase <br />City's Financial Position <br />City is financially well positioned <br />Declining tax rate trend with prudent reserves <br />set aside <br />Fund balance remains stable <br />Don't need to use fund balance to write down levy <br />Plan for capital expenditures <br />Built in flexibility for future needs <br />Good financial and management policies in <br />place <br />M <br />4 <br />