Archive for the ‘rate stabilization’ Tag
COT Clarifies Use of Reserves
Tallahassee Reports has written about the $172 million in reserve funds the City of Tallahassee has tucked away. Part of the $172 million includes approximately $95 million in a “rate stabilization fund.”
During an informative discussion with Assistant City Manager Raoul Lavin, he detailed the parameters regulating the use of the rate stabilization fund.
The uses of the fund are limited to four categories. Each category has a minimum and maximum target level. They are as follows: Rate stabilization ($23-$50 million), Future Generation Needs ($37-$74 million), Retirement of Debt ($62-$116 million) and Fuel Hedging Program ($30 million).
No Comments Tags: city commission, Fuel Hedging, Raoul Lavin, rate stabilization, rate studies, Tallahassee
COT Reserve Funds Exceeds $172 Million
With the Tallahassee City Commission taking a serious look at raising taxes and cutting services, Tallahassee Reports - and a number of other interested citizens – have begun to dig into the proposed 2010 budget.
Tallahassee Reports has focused its analysis on the City’s “Reserve Accounts.” The City has reserve accounts for the General Fund, Electric Fund, Gas Fund, Water Fund, Sewer Fund, Airport Fund, and Solid Waste Fund.
3 Comments Tags: airport fund, budget, city commission, electric fund, Gainesville Regional Utility, gas fund, general fund, rate stabilization, reserve accounts, sewer fund, solid waste fund, Tallahassee, water fund
