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Presentation- #38
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05/17/2022 Special and Regular
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Presentation- #38
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5/18/2022 9:07:14 AM
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5/18/2022 9:06:59 AM
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City Clerk
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5/17/2022
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1.Parking Fund & Train Station <br />2.Fleet, Stores & Corp Yard <br />3.Engineering Fund <br />Internal Service Funds & Enterprise Funds <br />Issues <br />•Fund balances are low, with no <br />reserve. <br />•Continued depletion of fund <br />balance and increase costs. <br />•Delays in project billing and <br />reconciliation for prior years. <br />Concerns <br />•Monitor and report at Mid-Year. <br />General Fund subsidizes, but <br />budgets need to be rebalanced <br />for the long-term. <br />•Evaluate internal charges and <br />propose changes <br />•Monitor and report at Mid-Year <br />Going Forward <br />14
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