Funds & Programs
General Fund
The General Fund is the most important of the funds and is used to account for all resources not required to be accounted for in another fund and not otherwise devoted to specific activities. Most of the financial transactions for the City are reported in this fund. Only one General Fund exists and it finances operations of all basic city services such as Police, Public Works, Parks Recreation, Community and Planning/Development/Zoning. Administrative Services provided by the City are classified according to activity and presented as operating departments in the budget.
Special Revenue Funds
These funds account for the accumulation and disbursement of legally restricted resources to expenditures for a specific purpose. Other funds such as the Municipal Court Special or Equitable Sharing Program Fund are fairly immune to the effects of economic growth. No major increases or decreases are expected in any of these funds in the coming year.
Treasury and Debt Service Administration
This program is responsible for the investment of City funds and administration of banking transactions and for administering the legal and fiduciary responsibilities of the City for the timely payment of principal and interest on the City’s outstanding bond obligations, as well as on going bond disclosure reporting. The current level of service will be maintained by ensuring that allocation of financial resources for the timely payment of debt service is a first priority of revenue available to a fund with bonded indebtedness.
Debt Service Funds
This fund type is employed to account for resources used to service the principal and interest on long-term debt such as general obligation bonds, revenue bonds, certificates of obligation, tax notes and tax-exempt leases classified as debt. These are the sinking funds used to account for the accumulation of funds for principal and interest payments on the City’s bonded indebtedness. They are bound by bond covenants and there is little flexibility in revising the revenue or expenditures scheduled for next year.
Revenue Collection Services
This program provides customer support, administration and revenue collection for Utility Bills.
Information Technology
This program provides for oversight of the services contract for maintenance, training, and new development of the City’s computer systems. This program provides for the budgeting, purchasing, installation, maintenance, training, new technology project review, and development of the City’ computer systems. Information Technology provides for operation and maintenance of the City’s computer system that runs the City’s financial, building permits, water and wastewater billing, and other major staff support systems.
Risk Management
This program is responsible for providing non-health related insurance coverage for City owned property, excess liability coverage, and excess Worker’s Compensation coverage’s.