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The City should continue the use of trust funds to account <br />for special revenues such as: park dedication fees (Park <br />Improvement Fund), landfill fees (Landfill Trust Fund), and <br />equipment replacement allowances (Equipment Revolving Fund). <br />These funds have helped smooth the tax levy for capital outlay <br />expenditures. <br />In encouraging commercial, industrial and residential <br />development, the City should try to determine in advance the <br />fiscal impact of this growth. An effort should be made to <br />analyze whether the increased cost of providing services to <br />a development is more than offset by the increase in <br />assessed value. <br />The City should establish a policy outlining the method for <br />analyzing new projects, setting criteria that may be used to <br />evaluate new development. <br />We would like to express <br />Councilmembers for thei <br />conducting the financial <br />manner. <br />Respectfully submitted, <br />CITY OF RAMSEY <br />our appreciation to the Mayor and City <br />r interest and support in planning and <br />operations of the City in a responsible <br />taiva4;61/ <br />Je ne A. Haapala <br />City Accountant <br />L yd G Schnelle <br />ity Administrator <br />1 <br />-12- <br />