9.0. SR 05-25-1993 - Laserfiche WebLink

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It It It An area of growing financial concern relates to sewer and water public improvement projects. The City is growing in four different directions at the same time. In order to facilitate growth, the City is sometimes extending sewer and water through nondevelopable property, vacant property where the owner does not desire to develop, or existing developed property. When this happens, the City has to "hold" some of the costs of the sewer and water extension until either the property owners desire to develop, or the existing homeowners hook up to the municipal system. There is only so much money available for holding expenses and we must be careful that the City does not get over extended. Overall, the City Council should take a great deal of pride in the improved status of the City finances. A significant amount of credit must go to the City Council for this improved financial picture. Guidance of the City Council has allowed the City to achieve a more sound financial status in the early 1990's, than what was experienced ten years ago. Additionally, a great deal of credit goes to the City Finance Department for the management of City funds. For the third year in a row, the City has received the Certificate of Achievement for Excellence in Financial Reporting. This is the highest award presented in the nation for financial reporting. The organization of the City finances is essential in order to have good City management. There are a lot of good things to be said about the 1992 City Audit. However, the City Council must keep everything in perspective and know that many uncertainties lie ahead, especially with the State Legislature controlling the majority of City funds. The City must take a great deal of caution in authorizing additional new projects and it is appropriate to follow a conservative, yet realistic, budget on an annual basis.