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City of Flagstaff staff lay out financial outlook, reserves and budget schedule
Summary
Management Service Director Rick told the Public Safety System Committee the city operates more than 50 funds, maintains a 20% general fund reserve target, and will present deeper general‑fund detail at a December follow‑up; staff flagged a small sales tax decline and asked for follow‑up on property tax and permit trends.
Rick, the city’s management service director and city treasurer, presented a citywide financial outlook to the Public Safety System Committee, describing the structure of more than 50 funds, the city’s reserve policies and the timeline for the annual budget process. He said the presentation was intended to give committee members a foundation for upcoming discussions of the general fund and public‑safety funding.
Rick said the city treats funds as earmarked "color of money" and that many revenue streams are legally restricted to specific purposes — special revenue funds for grants and programs, enterprise funds for business‑type activities such as water and…
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