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CC Work Session 2, 5, <br />Meeting Date: 10/26/2021 <br />Information <br />Title: <br />Review of Fund Balances as of October 20, 2021 <br />Purpose/Background: <br />The city has six different fund categories, which are as follows: <br />• General Fund <br />• Special Revenue Funds <br />• Debt Service Funds <br />• Capital Project Funds <br />• Enterprise Funds <br />• Internal Service Fund <br />Included in these six categories, the city has a total of 47 funds that are currently being utilized. <br />Attached is a listing of these current funds with their respective fund and cash balances as of October 20, 2021. It is <br />noted whether these funds have restricted uses, such as debt service funds, tax increment, etc.. Please note that fund <br />balances are not the same as cash balances. <br />The First half property taxes have been collected, but several principal debt services payments are not paid until <br />December. Whereas, all interfund transfers are recorded at year-end. <br />Timeframe: <br />10 minutes <br />Funding Source: <br />Responsible Party(ies): <br />Finance Director <br />Outcome: <br />Overview of the City's fund balances. <br />Fund Balance Summary as of 10/20/21 <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 10/21/2021 02:45 PM <br />Form Started By: Diana Lund Started On: 10/18/2021 09:05 AM <br />Final Approval Date: 10/21/2021 <br />