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, Municipal Court, Public Works, Parks and Recreation, and Community and Planning / Development / Zoning, Library. 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 accumulations and disbursement of legally restricted revenues for the specific purpose, or revenues that need to be accounted for separately. The City's Special Revenue Funds include the Hotel Occupancy Tax, Police Department Forfeiture Fund and Training Fund, Municipal Court Special Technology Fund, and the Municipal Court Building Security Fund, Fire Fund.
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.
The Enterprise fund is a identified as a fund that operates as a business generating its own revenue of service charges for services provided. The Utilities Fund is an enterprise fund, which includes water, gas and garbage.
2019-2020 ADOPTED BUDGET
2019-2020 proposed BUDGET
NOTICE OF PUBLIC HEARINGS & TAX RATE FY 2019-2020
2018-2019 ADOPTED BUDGET
NOTICE OF PUBLIC HEARINGS 2018-2019 BUDGETS & TAX RATE
COP Public Hearing 2018-2019 Budget (PDF)
COP Public Hearing 2018-2019 Budget Tax Rate (PDF)