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benefits of the <br />the equipment <br />equipment. <br />equipment is greater than the cost of <br />over the expected life of the <br />The City has become more dependent on local government aid in <br />recent years as the state has controlled local levies and <br />replaced them with increased local government aid. This has <br />replaced a more stable revenue source (property taxes) with a <br />less stable one. One way to deal with this instability is to <br />develop a budget reserve that can be used if local government aid <br />is siqnificantly reduced without adequate notice. <br />. The City will maintain a budgetary control system to ensure <br />adherence to the budget. <br />The Finance Department will prepare regular reports <br />� comparing actual expenditures to budgeted amounts as part <br />of the budgetary control system. <br />. Department heads shall be primarily responsible for <br />maintaining expenditures within approved budget guide- <br />lines, consistent with approved financial policies. <br />IMPLEMENTATION <br />1. The 1993 Budget allocates administrative and general govern- <br />ment costs to all revenue generating departments and funds. <br />These charges result in a transfer of revenue to the general <br />fund operating budget. <br />2. The transfer of Public Works overhead expenses related to <br />street construction projects, from a special assessment fund <br />to the general fund, has been.changed from a funding source <br />for operating expenses to a funding source for capital expen- <br />ditures. <br />3� ditureslhave o tgexceededlbudgeted expenditurescduring t he <br />past ten years. <br />BUDGET COMPLIANCE <br />GENE&AL AND SPECIAL IIEVENVE FUND6 <br />�uma.� <br />�te- <br />� <br />\ � \ � \ � � \ <br />� \ \ � \ � � � � � <br />\�\\\\\�\\ <br />.,.� �.a.0 <br />23 <br />