Laserfiche WebLink
It should be noted that the proposed Core Budget for the Park and Recreation <br />Budget for 1983 is $46,925. The supplement to this Budget which requested <br />a fifth (1/5) man more of time at a cost of $5,330 was approved, in addition <br />to capital outlay for equipment and park development. Consequently, the <br />total Park and Recreation Fund Budget was adopted at $137,355. <br />SPECIAL ASSESSMENT FUND: <br />This covers the debt service on each of the City°s public improvement bond <br />issues. Please refer to pages 89 through 112 which cover each bond issue <br />and also provides amortization schedule for each issue. <br />TRUST AND AGENCY: FUNDS: <br />1) Landfill Trust. Fund Please refer to pages 115 through 117 - <br />It. should be noted that these funds a.re to be used when the <br />landfill is closed and it is developed into a recreation area, <br />and to cover various professional services. <br />2) Park Improvement - Please refer to pages 119 through 121 - <br />This money is derived when land is subdivided. The developer <br />may dedicate land to the City or funds. All money dedicated <br />goes into this fund and it is only used for capital improve- <br />ment projects or land acquisition for parks. <br />Bond.Administrative Trust Fund m Please refer to pages 123 <br />through 125 - These funds are acquired in bond issues where <br />special assessments are involved. A certain percentage is <br />charged to each of these types of bond issues to cover the <br />administering of said bond issues. Each year the City will <br />transfer a certain percentage from this fund to the General <br />Fund. <br />4) Equipment Revolving Fund - Please refer to pages 127 through <br />131 - This is a funded depreciation fund on City equipment. <br />It is designed to keep peaks and valleys out of the City <br />Budget in the replacement of equipment. It should be noted <br />that this fund is only used to replace equipment. It is not <br />meant to fund additions to City equipment. <br />CONCLUSION <br />The 1983 Budget reflects the estimated operating cost of the City. Citizens <br />who desire to review the Budget in depth should check out a copy of this <br />document. If you have questions on it, you should discuss these with the <br />City Administrator, City Accountant or members of the City Council. <br />Respectfully yours, <br />CITY OF RAMSEY <br />Thomas G. Gamec <br />Mayor <br />TGG:sb <br />11-7 <br />