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<br />maintaining scrvicc Icvcls and making significant contributions to capital projccts. Thc City was
<br />able to accomplish this through prudent financial management and ct1icicnt service delivery.
<br />Rl,,;V\;IIU\;~ ""'-'1'-' III<.1AillliL.l;;J (Inuu!;.l. Ldk-, ,",vlll;diulI illlJ IIIUllitu.illb kdul;\,.ILU.,,;-, dllJ bdkl \..t1;')tl nuw
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<br />1II<.1lld!;\"IIIl;IIl. OPl;ldtiulI;:' W\;I\; ;:)ll\..~lIl1l;IIl;J illlJ I\,;UIOl-llli".\,;d tv dilll;lId.k Jupli\"dtiulI (.lIId ;1I\;~\..;,",IU...y~
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<br />d~ wdl (I;:) tu td.~l; dJvdlllaef,; vfh..dlllulugy dJVdll\,,\,;;:).
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<br />To ensure the City's long-term fiscal health and to lIul pi"".\.. <.I rutul\; bUlJ\';lIminimi7p. flltlln~ hllrdp.n~
<br />on the City's resources and taxpayers, a balanced budget is csscntial. To ensure a balanccd budget,
<br />the City must use its current resources to meet current uLliel.ltiulI;:), IIldk.;IIr,nhlieatinn~ ~ncl makt~ sure
<br />that npl"rntine fund debt is minimi7C",-i In ndditinn Cllllln" r.n~tc:. <mc.h :U:. :tc:.c:.ef rp.pbcp.tnpntli;. 11111,,1 he
<br />lIIillilllio..,J ullJ [lid! Jl,;f\;IIl,;J \,..u;::,l;, '11"-' IIo..\..uolli.o.;J o.I;::,rr-cncnin"d and fllndf.c1likc~ current expenses.
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<br />To aid the City in structuring a balanccd budgct, "'glllar revlpw mll<t he p,'rformed to allow
<br />revenue sources most1o be propcrly identified and matched with thcir intended purposes.
<br />1J,.I~"\O;"t: Thp halancing of future budgcts will be facilitated by thc City setting aside funding for
<br />obligations when they are inr:lIrrl"c1 For ~x:lmrlp. :1';: :lc;;:c;;:e.t" :lrP. heine lIo;:e.d ;III,.,U,,\;J.lwir deprt'>r:intinn
<br /><:.hollld he. rer.Oeni7f>cI :,,, :m expen<:.p. :md dollnro;: o;:pt ns.idp. to ensure paYIll~lIt:lllt'qllflte fllndine ic;:
<br />availahle al the appropriate future timc. Thc City can Icssen thc burden on future taxpayers by
<br />utilizing debt only for acquiring long-term capital and when it is cost effective. Rescrvcs must be
<br />established for hoth known :md IInknown kllVWII futUl\; uLI;I:;al;ulI;:) ...;0, wdl (I;:) [11\.. ullkllUWII. fu.t.u.rc
<br />ohligntion< Thc City must continue to search for the most cost effective means of delivering '\01';\0\0'
<br />anrfc;;.prvicl"" indllclinc m:mncinc Inhnr co.;:, e:rnwth <:'0 it dope;; not olltpace reVt~nllp. rrnwth
<br />Ac.c.omp:1nyine .hie;:. .11(-" rity 0111<:.1 nl<:.n r.ontinllt'" to refine and improve its budget process.
<br />
<br />Tn <:'lIrrnrt thp. rity'c;;: coal of lic;:cnl <;;"Ic;:tninnhility chanep-o;: to tht'" ~Ip.ment pn<:.lIrp :1 hnl:mcl"d hlldet-.t
<br />find nddrp.<:.<;;, ....pf"C':ifir. c.onc.ern" for thp rity'l,(, lone-tp.rm fi<:'C:11 hp.:1lth A prncr::lm W::I" adde:d thnl
<br />rf~qllirp." thp. lity In tillld at Ip:l"t it" llorn1:l1 PF:RS {Pnlllie F.mplnypp~ l~ptirp.l11p.nt Sys.tel11~ rods.
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<br />::Inmmlly nnn to fr:m"fp.r :my p.XC:P"" tn n rp."prve to nfl....pt flit lire inc.re.m;p" ::Ihnvp. it" nnrmnl c:n"t"
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<br />Fllrthp.rmnfl' an t~xidinc prncrnm W::I" r.h:mcp.d to dpr.rp':1"p' thl' rer.ommpnden upper limit of the
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<br />Cienp.ml Flinn ,.('Ilt rutin from 10o./n tn 'io/n px{'P.pt ::I" ntht~rwi"p' rtp.tp.rmineci hy thl' rity round I This.
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<br />XI-12
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