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The City has become more dependent on local governmant aid in recent years as the state has <br />controlled local levies and replaced them with increased local governme�t aid. This has replaced <br />a more stable revenue source {�ro�erty taxes) with a less stable one. One way to deal with this <br />instability is to develop a budget reserve that can be used if local government aid is significantly <br />reduced without adequate notice. <br />C� The City will maintain a budgetary control system to ensure adherence to the budget <br />q The Finance Department will prepare regular reports comparing actual expenditures to <br />budgeted amounts as part of the budgetary control system <br />p Department heads shall be primarily responsible for maintaining expenditures within <br />approved budget guidelines that are consistent with approved financial policies. <br />Im�lementation <br />The budget as approved meets the above criteria and as a result, the above policies have been <br />implemented. <br />