2) RESTRICTIONS ON THE USE OF CASH FROM OPERATIONS IN ORDER OF

City Commission · 2026-05-13 · agenda_item

This item concerns the City of Winter Park's policy for using cash from its operations. The policy outlines a priority order for how funds are deposited. First, deposits are made to the Revenue Fund to cover current operations as per existing bond rules. Second, the Sinking Fund receives monthly deposits equal to one-sixth of the upcoming semi-annual interest payment and one-twelfth of the next principal payment. Third, the Renewal and Replacement Fund requires monthly deposits equal to one-twelfth of 5% of the previous fiscal year's gross revenues, unless the fund already holds at least 5% of the system's current net asset value. This policy is currently under review by the City Commission. The review process will involve financial planning and potentially legal services to ensure compliance and optimal fund management. Businesses specializing in financial consulting, accounting, and legal services may find opportunities to advise on or implement these financial strategies.