Laserfiche WebLink
* Fund Balances <br />City of San Marcos <br />2008 Budget Policy Statement <br />Adopted: May 15, 2007 <br />■ Goals for fund balances will be at the following levels: <br />o General Fund: 25 % <br />o Water/ Wastewater Fund: 25 % <br />o Electric Utility Fund: 25 % <br />WATER/ WASTEWATER FUND <br />■ No increase in water/ wastewater rates. <br />■ Allocate pay -as- you -go funds into the Capital Improvements Program (CIP). <br />■ Consider new personnel as recommended by the City Manager. <br />ELECTRIC UTILTY FUND <br />■ No increase in electric rates. <br />■ Consider new personnel as recommended by the City Manager. <br />GENERAL FUND <br />* Property Tax Rate <br />• Implement tax rate increase as approved by voters in the 2005 bond election to pay for debt <br />service on approved projects. <br />Budget Policy Workshop Page 1 April 26, 2007 <br />