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2020 MAY 26 CC/SARDA/CUA/CPFA/CHA SPECIAL MEETING - 2 - <br />Enterprise Funds are used to account for any activity for which a Fee is charged to <br />external users for goods and services if the activity’s principal revenue source meets <br />certain criteria. <br /> <br />Other Funds Overview <br /> <br />Internal Service Funds <br />Internal Service Funds provide services to City Departments and recover their costs <br />through user charges. <br />Capital Projects Funds <br />Capital Projects Funds are used to account for and report the financial resources that are <br />restricted, committed, or assigned to expenditure for capital projects/outlays. <br />Debt Service Funds <br />Debt Service Funds are used to account for the accumulation of resources for and the <br />payment of principal and interest on bonds issued in support of governmental activities. <br />Community Facility Special Assessment District Funds <br />Community Facility and Special Assessment District Funds are used to account for and <br />report the revenues received from special tax assessments to fund debt service and special <br />services provided by the City for each respective district. <br /> <br />Council Discussion <br />Discernment and discussion between Councilmembers; with clarification provide by staff: <br />Director Dabbs; Director Kolk, City Treasurer De La Torre; and City Manager Smith. <br /> <br />Direction to Staff <br />Full consensus of Mayor and Councilmembers present to bring forward the budget for adoption <br />at the June 16, 2020 Council Meeting; to include direction from Budget Workshop #1; with no <br />changes requested to the proposed Budget Workshop #2. <br /> <br />ADJOURNMENT <br />At 6:22 p.m., Mayor Navarro adjourned the Special Council Meeting. <br /> <br /> <br /> <br /> <br />_________________________________ <br />Carolina R. Padilla <br />City Clerk <br />