3.5 Earning on Investments: Earning on investments has experienced increases from $223,988 in 2015 to $7,7M in 2024. Revenue from investment earnings is estimated to decline steadily over the next 5-years due to the drop in interest rates. The City investment policy’s first objective is the preservation of capital, safety of principal and security of investments of the City’s funds. The portfolio is designed and managed for effective cash management and to be consistent with state and local law.
Earnings on Investments
$100,000 $1,100,000 $2,100,000 $3,100,000 $4,100,000 $5,100,000 $6,100,000 $7,100,000 $8,100,000
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
3.6 Other Revenue Sources: Revenue from this category is forecasted depending on their specified use and can be classified by funds as follow: 1- General Fund: • The general fund receives annual reimbursement for administrative costs from enterprise funds of $1,871,837. • Other revenue sources that vary by year include revenues from lease/rent, auction proceeds, training revenue and intergovernmental revenue 2- Capital Improvement Funds: • Proceeds from issuing general obligation, certification of obligation or revenue bonds.
• Revenue in this category will depend on the City’s the Five Year Capital Improvement Plan (CIP). • Debt Service Fund: Revenue in this category is property tax revenue allocated to retire the City’s debt.
115
Made with FlippingBook - PDF hosting