What is an Enterprise Fund?

An Enterprise Fund is a fund used to account for continuing operations which provide services to the general public that are similar to a private business enterprise in nature. The intent of an enterprise fund is to recover costs that will primarily be used to account for activities where the periodic determination of revenues and expenses is appropriate for capital maintenance, management control, or other public policy. Examples of enterprise funds in the City include the Water and Sewer Utility Fund, the Stormwater Utility Fund, the Golf Enterprise Fund, the Sanitation Enterprise Fund, and the Parking Enterprise Fund.

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1. What is the City’s Adopted Budget?
2. By what date does the City’s Budget need to be adopted?
3. How much is the FY 2024 Adopted Budget?
4. What is a fiscal year?
5. What is a mill?
6. What is the City’s current property tax rate?
7. What is the difference between property taxes and ad valorem taxes?
8. For purposes of the City’s budget, what does debt mean?
9. What does debt service mean?
10. What is a Fund?
11. What is the City’s General Fund?
12. What is an Enterprise Fund?
13. What is the purpose of a Central Services Fund?
14. What is the purpose of the City’s Self Insurance Fund?
15. What is the Capital Improvement Plan (CIP)?
16. What is a capital project?
17. How many full-time employees work for the City?