1982 Adopted Annual Budget - Laserfiche WebLink

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SPECIAL REVENUE FUNDS: Federal Revenue Sharing Fund - The City maintains all revenue sharing funds received here. When the City expends revenue sharing money, it's transferred to the fund where it is being used. Please refer to pages 58 through 60 for the budgeting of this fund. Park and Recreation Fund - This fund is set up to cover all costs pertaining to park land acquisition, playground equipment and maintenance of park land and the equipment. The following is provided to better acquaint you with the workings of this fund: 1) Please refer to page 61 which shows a fund summary for revenue to operate the Park and Recreation Fund. It also gives a broad summary of expenditures. 2) Please refer to pages 62 and 63 which gives you a line item breakdown on expenditures. 3) Please refer to page 64, a list of all the City parks and the equipment contained in each of these parks. It should be noted that no major improvements have been planned for these parks. It should be noted that the proposed Core Budget for the Park and Recreation Budget for 1982 is $37,835. The supplement to this Budget which requested a third (1/3) man more of time at a cost of $9,390 was approved. Consequently, the total Park and Recreation Fund Budget was adopted at $47,225. SPECIAL ASSESSMENT FUND: This covers the debt service on each of the City's public improvement bond issues. Please refer to pages 65 through 85 which cover each bond issue and also provides amortization schedule for each issue. TRUST AND AGENCY FUNDS: 1) Landfill Trust Fund - Please refer to page 85 - It should be noted that these funds will only be used when the landfill is closed and it is developed into a recreation area. 2) Park Improvement - Please refer to page 86 through 87 - This money is derived when land is subdivided. The developer may dedicate land to the City or funds. All money dedicated goes into this fund and it is only used for capital improvement projects or land acquisition for parks. 3) Bond Administrative Trust Fund - Please refer to pages 88 through 90 - These funds are acquired in bond issue where special assess- ments are involved. A certain percentage is charged to each of these types of bond issues to cover the administering of said bond issues. Each year the City will transfer a certain percent- age from this fund to the General Fund.