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12-12-2022 Council Packet
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12-12-2022 Council Packet
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3/13/2023 2:08:07 PM
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• Recycling – the city contracts with Waste Management to provide for curbside recycling service. Funding is provided through a <br />combination of a grant from Hennepin County and user fees. In addition the city coordinates a spring cleanup day to assist residents <br />who have materials unsuitable for recycling or regular waste service. <br /> <br />Internal Service Funds – Internal Service Funds are used to track revenue and expense shifts between departments. These include the following <br />funds: Insurance, Fleet Management, Compensated Absences, and Information Technology. <br /> <br />• Insurance - The Insurance Fund was created to account for total insurance revenue and expenses between all departments. <br /> <br />• Fleet Management – The Fleet Management Fund is used to account for total expenses related to city vehicles. Each fund pays into this <br />fund to cover their appropriate portions of expenses. <br /> <br />• Compensated Absences – The Compensated Absences Fund is used to account the liability owed to employees for compensated <br />absences such as Sick, Vacation, Overtime and Comp-Time. <br /> <br />• Information Technology (IT) - The IT Fund is used to account for total expenses related to software and technology. Each fund pays into <br />this fund to cover their appropriate portions of expenses.
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