Financiall Independence for cities
Posted: Tue May 17, 2011 7:20 am
Looking over the Lakewood 2011 budget, I find it a bit unnerving at how much state and federal income is needed to balance our local budget. But not being too familiar with the process, I have a couple of questions...
1) Do we lobby for the money first then do the projects if we are awarded funding, or is it the other way around, do we start the projects and then hope that we get funding from outside sources?
2) Given the recent trend, is there any plan to wean Lakewood off of State and Fed grant money? Is financial independence even theoretically possible?
3) With over $2 million in new vehicles planned for this year alone, does the fleet department do an audit to verify that replacement is cheaper and more viable than continued use and maintenance for even 6-12 more months?
4) when we do a project that is paid for with state and federal money, do we front the cost and get reimbursed or do they cut us a check up front?
If the latter, would it be possible (or ethical) to get into a pattern of accepting the outside funding and holding it for a period of 12 months before starting the project it was allocated for? Would that lag time be enough to provide additional interest income in an effort to rebuild our permanent fund?
just thought I'd ask. I spend so much time on national issues that most of this local stuff is Greek to me.
1) Do we lobby for the money first then do the projects if we are awarded funding, or is it the other way around, do we start the projects and then hope that we get funding from outside sources?
2) Given the recent trend, is there any plan to wean Lakewood off of State and Fed grant money? Is financial independence even theoretically possible?
3) With over $2 million in new vehicles planned for this year alone, does the fleet department do an audit to verify that replacement is cheaper and more viable than continued use and maintenance for even 6-12 more months?
4) when we do a project that is paid for with state and federal money, do we front the cost and get reimbursed or do they cut us a check up front?
If the latter, would it be possible (or ethical) to get into a pattern of accepting the outside funding and holding it for a period of 12 months before starting the project it was allocated for? Would that lag time be enough to provide additional interest income in an effort to rebuild our permanent fund?
just thought I'd ask. I spend so much time on national issues that most of this local stuff is Greek to me.