Long Term Financial Plan

Year               Fund Bal

2004        67%

2005        53%

2006        51%

2007        58%

2008        65%

2009        77%

2010        88%

2011        89%

     I had heard the other day that I had inherited a a big fund balance and that I had nothing really to do with Isanti's tremendous fiscal stability ... I was elected Mayor in 2006 and took office in 2007. As you can see the city was burning through money during the boom times... as the Great Recession took hold we were actually adding to our fund balance which is our cash on hand as compared to our spending. We did this by cutting spending, my LGA Flip, efficient operations, economic development, enforcing collection of debts, enforcing ordinances, following our Comprehensive Plan/Housing Plan and cutting taxes ... this was part of my overall Long Term Financial Plan that previous Councils have repeatedly adopted to weather the loss of revenue due to property values plummeting. We will be drawing this cash reserve down over the next few years so we do not cut services or raise taxes. Facts are a stubborn things ... We have a good plan in place and we must continue to follow it to ensure our future success ... wishing things to be do not make them so ... hard work and discipline do