05/19/2025 Council Special Meeting [47:54-51:37]

So, nothing really to talk about there. Well, fun. This is where there are some, I would say, excessive cash reserves. But you all have already been taking steps to try to mitigate that because you will reduce the levy. So, for instance, at the end of 2024, your cash reserves were 942,000. But your discursments are only 471. So, that's like a 200% cash reserve. That's a lot. So, what we recommend is that you just buck down that levy. You're not taking levy away. You're just bucking it down and running, drawing on those cash reserves to fund the budget. The budget's fully funded. There's no issues there. And as I stated, maybe in 2030 or 2031, you may have to ship some more levy back there. This is common that happens. It's not an issue, but just letting you know that you have already taken steps to do that. So, page 26 is the motor vehicle highway fund. Not if we want to point out there. There's not that 741 loss because it doesn't have property tax. So, ending cash reserves in 2024 was 1.7 million, almost 60% cash reserve. Nice and healthy and stable. Reassessment is on page 27. Again, this is another fund that had some excessive cash reserves. You have already taken the steps to shift or reallocate your levy to the general fund. If the levy in 2024 was 499,000, now it's only 200,000. That's exactly what we would recommend. Reallocate that levy and go to the general fund until you can get your cash reserves down. We assume that you would just put them down to 20% and just level off that property tax rate. So, that one's good too. Page 28 is the emergency management or civil defense fund. Again, excessive cash reserves when you look at how much is getting spent out of there. So, took the property tax levy off in 2025 and we kept it off. At least through 2029, just to get those reserves down. But again, I keep reminding you that probably in 2030, you'll have to reallocate some levy. So, we will be following from the general fund. That's usually why we're following. But that's why I want a positive lead cash reserve in that general fund. Because I know in the future, you may need to pull some. This is not a lot. But I told you about all these funds that might move through to 400,000. Okay, so now we're on to the special revenue funds starting on page 29. So, this is your local loan district fund. Nice strong cash reserve. You ended 2024 with 87,000, which is almost a 90% cash reserve. So, you have some room in there if you need to do some capital projects, but you're spending it on what you should be spending it on. Page 30 is your local income tax public safety fund. So, this was where we're ending it, basically, at the end of 2027. But it is good to know that on line 15, when you've been spending out of there, it is recurring items. So, we do need to move those costs over to the general fund. And it will probably be $1.6, $1.7 million of costs that you'll need to now budget out of general.