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caphal Fed1wes <br />1. County enterprise fiords have been established fuer certain County Departments such as the <br />Solid waste Department. Euterpriae funds are financing from: <br />Debt to be repaid by user fees and charges and/or connection or capacity fees for <br />enterprise services. <br />Current assets (i.e., reserves, equity or surpluses, and current revenue, including grants, <br />loans, donations and interlocal agreements). <br />A combination of debt and current assets, <br />2. Non- enterprise finds are financed from: <br />• Current assets: (i.e., current revenue, fund equity and reserves) <br />• Debt (see County's debt management policy) <br />• Combination of current assets and debt. <br />71m C=* is guided by the following three principles in selecting a funding source for public <br />facility improvements: <br />1. Egnfty: Whenever appropriate, the beneficiaries of a project or service will pay for it. For <br />example, if a project is a general function of government that benefits the entire community, <br />such as a school, police station, or library, the project will be paid for with general tax <br />revenues or financed with general obligation bonds. If, however, the project benefits specific <br />users, such as water and sewer facilities, the revenues will be derived through user fees or <br />charges, targeted taxes, and assessments. <br />2. E' fecuwwv: In selecting a source or sources for financing projects, the County will select <br />one or more that effectively funds the total cost of the project. For example, finding a capital <br />project, or the debt service on a project, with a user fee that does not provide sufficient funds <br />to pay for the project is not an effective means of finding the project. <br />3. EjFcknq: If greats or current revenues are not available to fund a project, the County will <br />select a financing technique that provides for the lowest total cost consistent; with acceptable <br />risk factors and principals of equity and effectiveness. Them methods currently consist of <br />fixed-rate general obligation or revenue bonds issued by the County, special finding <br />programs fimded by state or federal agencies, or special pool financing. <br />When public facility improvements are located both in the City and Urban Growth Areas, the <br />Coutty and City can jointly sponsor the formation of Local Improvement Districts, Road <br />Improvement Districts, and other benefit areas for the construction or reconstruction of <br />infimsaucture to a common standard. <br />When Funding is Unavailable <br />If revenues that require voter approval in a local referendum that has not been held or is held and <br />is not successful, the CIP will be revised at the next annual amendment to adjust for the lack of <br />such revenues, in any of the following ways: <br />• Reduce the level of service for one or more public facilities; <br />• Increase the use of other sour es of revenue; <br />• Decrease the cost, and therefore the quality of some types of public facilities while <br />retaining the quantity of the facilities that is inherent in the standard for level of service; <br />• Decrease the demand for and subsequent use of public facilities; <br />■ A combination of the above alternatives. <br />Kidits County December=6 <br />Comprehensive Plan <br />