Request for Funds

The City of Isanti has received 4 request so far for funds these are the Isanti Area Chamber of Commerce, Friends of the Library, Rum River BMX and the Isanti Community Involvement Team. There will be many more as well.

As part of conserving our City cash on hand until we know just how much LGA will get cut, the Finance Committee has recommended eliminating City donations to all groups. We are expecting to learn more after the February estimates come in and the Governor and Legislature starts putting firm numbers together. The final numbers may not be sent to the City until early summer however and the City needs to preserve cash on hand. We will earn more than $70,000 in interest alone for 2009 from our cash investments and our cost to borrow is already saving our taxpayers with our new A+ bond rating. If we burn through a large sum of our cash not only do we lose the one time funds but we also lose out on the interest revenue income it generates necessitating more cuts.

The City budget financial report and Truth - Taxation hearing materials are available on the City website:

http://cityofisanti.us/govern_city_departments_finance.php