Laserfiche WebLink
TRUST AND AGENCY FUNDS: <br />1) Landfill Trust Fund - Please refer to page 101 - It should be noted that <br />these funds will only be used when the landfill is closed and it is developed <br />into a recreation area. <br />2) Park Improvement - Please refer to page 102 through 104 - This money is <br />derived when land is subdivided. The developer may dedicate land to the <br />City or funds. All money dedicated goes into this fund and it is only <br />used for capital improvement projects or land acquisition for parks. <br />3) Bond Administrative Trust Fund - Please refer to page 105 through 107 - <br />These funds are acquired in Bond Issue where special assessments are involved. <br />A certain percentage is charged to each of these type of Bond issues to cover <br />the administering of said bond issues. Each year the City will transfer a <br />certain percentage from this fund to the General Fund. <br />4) Equipment Revolving Fund - Please refer to page 108 - This is a funded <br />depreciation fund on City equipment. It is designed to keep peaks and valleys <br />out of the City budget in the replacement of equipment. It should be noted <br />that this fund is only used to replace equipment. It is not meant to fund <br />addition to the City equipment. <br />CONCLUSION <br />The 1981 Budget reflects the total operating estimated operating cost of the <br />City. Citizens who desire to review the budget in depth should check out <br />a copy of this document. If you have questions on it, you should discuss <br />these with the City Administrator or City Accountant or members of the City <br />Council. <br />Sincerely, <br />CITY OF RAMSEY <br />Thomas G. Gamec <br />Mayor <br />TGG:sb <br />