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GAS DEVELOPMENT

Revenue for the Gas Development Fund is generated from natural gas development. In June 2006 City
Council adopted a resolution creating a conservative policy on the use of natural gas development revenues.
The policy was established to avoid over-reliance on these revenues and to establish how the revenues would
be used. Caution was taken in considering uses for gas revenues because it is difficult to predict well
production and long term production normally means the production decreases over time. In general the policy
guidelines establish three areas for using the money: (1) to bridge the gap of sales tax revenue reductions, (2)
to use “one time” revenues for projects or non-recurring capital needs, and (3) to use the revenues for
expanding the City’s economic base and for economic development.

FY 2018/2019 Adopted Budget
Gas Dev. Fund
Salaries $ ‐
General Services ‐
Maintenance ‐
Sundry 528,300
Supplies ‐
Capital ‐
Total $ 528,300

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