Page 85 - Manfield FY21 Budget

SERVICE PROGRAM
FISCAL YEAR 2020-2021

MAJOR GOALS MAINTAIN FINANCIAL STABILITY

Goal Department Actions

Issue debt only in amounts approximate to debt City Administration and the Business Services
being paid off. Division will maintain current debt ratios while
continuing to maintain the current fund balance
policy of 25% of operating expenditures. The
City will maintain its AAA bond rating.

Ensure expenditures are in line with revenues. Maintain a balanced budget in all funds. Ensure
operational and staff additions do not exceed
budgeted projections or extend the City’s
ability to adequately provide for infrastructure
improvements in a growing local economy.

Create opportunity for expanded revenues. Review the current fee structure including
ambulance fees, developer fees and other fees
to generate additional revenue.

Limit the tax burden on taxpayers. In FY 2020-2021, the City Council voted to
reduce the tax rate from $0.71 to $0.69 and
instituted a 10% homestead on residential
properties.

Continue to encourage economic development The City will encourage quality residential and
throughout the City. commercial development to ensure average
home values continue to rise and commercial
developments provide opportunities for citizens
to utilize retail establishments along the US
HWY 287 corridor and the downtown area.

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