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having no year-end operating deficit and to eliminate prior deficits. <br />In completing this review, the staff is recommending that the outstanding Due to the Economic <br />Increments Fund and Due From the Recreation Fund, be reversed, thus eliminating the annual <br />$75,000 debt service. <br />Space Review <br />This budget was developed so as to avoid expending funds on those facilities, unless health and <br />safety were threatened, so as to allow the Council the flexibility in pursuing a modified space <br />creation program, which could be presented to the Community. Funds are yet available from <br />prior years to fund a continuation of that space needs determination. <br />IV. CONCLUSION <br />The budget team wishes to thank the city staff in all departments for their excellent cooperation <br />and hard work in preparing their respective budgets. We further appreciate the guidance and <br />ideas presented by the City Council over the past year to aid us in preparing this proposal. <br />Respectfully Submitted, <br />Edward L. Burrell <br />Acting City Manager and Finance Director <br />I-8 <br /> <br />