Focus Area: Responsible Fiscal Management

Goal 1:   Maintain Adequate Fund Balance Levels

A.  Keep General Fund balance at 40-45%   

B.  Maintain Transit Fund balance at 40-45%, plus planned Capital expenditures  

C.  Have EDAC research EDA incentive needs, and bring back for consideration for 2011 Budget  

D.   Conduct research on where C/F monies can be used (spec. – Park Development)   

E.  Maintain Enterprise Funds at 3-5 months operating expenditures, plus accumulated depreciation needs 

F.  Maintain Internal Service Funds at levels greater than accumulated depreciation of assets 

Goal 2:   Maintain Sustainable Property Tax Burden

A.  Set tax burden at levels commensurate with tax base fluctuations

B.  Maximize non-tax revenues where appropriate (grants, fees, etc.)

Goal 3:   Maintain Debt Levels Relative to Projects

A.  Consider GO Bonding impacts when considering projects

B.  Maintain per capita debt measures below median compared to cities with same credit rating

Goal 4:   Control Spending

A.  Council to set budget at affordable levels

B.  Monitor expenditures for compliance with adopted budgets

Return to City's Vision Page