Expenditure Highlights
The city offers many services and utilizes over 50 separate funds for large areas or specialized purposes.
Types of Funds:
- General Fund - the City's main operating fund.
- Debt Service Fund - used to pay annual principal and interest payments on outstanding debt.
- Enterprise Funds - for activities such as water, sewer and solid waste.
- Special Revenue Funds - accounts for specific revenue sources that are legally restricted for specific purposes.
- Internal Service Funds - these funds account for the cost of services rendered to other funds and/or departments within the City such as Fleet Services and Information Technology.
- Capital Project Funds - are for the construction of an asset.
- Trust Funds - account for the reporting of assets that are held in a trustee or agency capacity for others and can not be used to support City programs.
- Component Units - these are legally separate organizations for which the elected officials of the City are financially accountable.
The below charts shows the FY 2025 Expenditure budget by fund type:
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