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5A Public Hearings 2019 0603
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5A Public Hearings 2019 0603
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7/18/2019 3:45:40 PM
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5/29/2019 3:41:33 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
6/3/2019
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PERM
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Reso 2019-094
(Approved)
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\City Clerk\City Council\Resolutions\2019
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there is more work to do. Throughout the proposed biennial budget, six-year forecasts <br />are included and extend to fiscal year 2024-25. As shown below, the City faces operating <br />deficits in the future, due primarily to staffing costs that will need to be addressed in future <br />budgets. Strategies to manage ongoing costs are already being developed and are <br />included in the budget. <br /> <br /> <br /> <br />SPECIAL REVENUE FUNDS <br /> <br />Special Revenue Funds are used to account for revenue, derived from specific taxes from <br />other revenue sources that are restricted by law or administrative action to expenditures <br />for specific purposes. Special revenue funds have either a restriction on their use or <br />special reporting requirements, such as funds received related to A B 1600 development <br />impact fees. <br /> <br />The Special Revenue Funds are described in detail in Section 6 of the Biennial Budget. <br /> <br /> <br />ENTERPRISE AND INTERNAL SERVICE FUNDS <br /> <br />Four Enterprise Funds make up the City’s business type operations. The Water Pollution <br />Control Plant Fund, Environmental Services Fund, Shoreline Enterprise Fund, and the <br />Storm Water Fund are City municipal operations designed to fully recover costs throu gh <br />user fees. Internal Service Funds also operate as business activities, exclusively <br />supporting the City’s internal operations. Facilities Maintenance, Information Technology, <br />Insurance Services, and Equipment Maintenance make up these funds. The Enterp rise <br />and Internal Service Funds are summarized in Section 7 of the Biennial Budget. <br />12 <br />34
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