Develop a long term strategy to stabilize the Unassigned Fund Balance (UFB) and maintain the fund balance policy.
In Progress
Key Performance Indicators
Finance to develop a long term strategy to stabilize the UFB by the first quarter of 2025.
In Progress
Current Status
Projected fund balance beyond 2025 is projected to be reduced as surplus projections become smaller. The UFB range was amended by the City Council to 15% to 19%. UFB is used on an annual basis to offset the tax rate and smooth out tax spikes. Smaller amounts of UFB will be available to offset the tax rate in subsequent years.
Timeline:2025
Due Date:
N/A
Responsible:Finance
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Title: Finance to develop a long term strategy to stabilize the UFB by the first quarter of 2025.
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Review user fees annually in Q3 as part of budget preparation.
In Progress
Objective
Current Status
Timeline:N/A
Due Date:
Dec 31, 2025
Responsible:City ManagerCity Council
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Title: Review user fees annually in Q3 as part of budget preparation.
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