2.5.
CC Work Session
- Meeting Date:
- 10/26/2021
Information
Title:
Review of Fund Balances as of October 20, 2021
Purpose/Background:
The city has six different fund categories, which are as follows:
Attached is a listing of these current funds with their respective fund and cash balances as of October 20, 2021. It is noted whether these funds have restricted uses, such as debt service funds, tax increment, etc.. Please note that fund balances are not the same as cash balances.
The First half property taxes have been collected, but several principal debt services payments are not paid until December. Whereas, all interfund transfers are recorded at year-end.
- General Fund
- Special Revenue Funds
- Debt Service Funds
- Capital Project Funds
- Enterprise Funds
- Internal Service Fund
Attached is a listing of these current funds with their respective fund and cash balances as of October 20, 2021. It is noted whether these funds have restricted uses, such as debt service funds, tax increment, etc.. Please note that fund balances are not the same as cash balances.
The First half property taxes have been collected, but several principal debt services payments are not paid until December. Whereas, all interfund transfers are recorded at year-end.
Timeframe:
10 minutes
Funding Source:
Responsible Party(ies):
Finance Director
Outcome:
Overview of the City's fund balances.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 10/21/2021 02:45 PM |
- Form Started By:
- Diana Lund
- Started On:
- 10/18/2021 09:05 AM
- Final Approval Date:
- 10/21/2021