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2025/02/19 Council Agenda Packet
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2025/02/19 Council Agenda Packet
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2/20/2025 10:48:13 AM
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Council Agenda Packet
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2/19/2025
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Balancing the Operating Budget <br />Budget & Financial Policies – Balancing the Operating Budget <br />“The City adopts a statutorily balanced budget… A budget is statutorily <br />balanced when total estimated resources (beginning fund balance plus <br />revenues) equal the total appropriation or uses (expenditures plus <br />ending fund balance).” <br />2025 Proposed Budget, Page 2-15 (44) <br />1)Budget City Resources: <br />•Budgeted Beginning Fund Balance <br />•Revenues <br />2) Budget City Uses to Available Resources: <br />•Calculate Budgeted, Policy-Required Ending Fund <br />Balance (20% of Revenues) <br />•Determine Expenditures
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