City of Petoskey

Finance - Budgeting and Cash Balance FAQ

Frequently Asked Questions

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1	What are the current available cash balances for the City of Petoskey?
2	What are restricted or reserve funds?
3	Why does the City keep cash reserves?
4	What measures does the City use to ensure adequate cash reserves exist in case of an emergency?
5	Why can't the City simply take money from one fund and use it for a different purpose?
6	Where can I find an explanation of each fund and fund type?
7	What are the property tax levies that the City collects?
8	Does the City benefit from the increased tax collected following the sale of a house?

101 E. Lake St | Petoskey, MI 49770 | 231.347.2500 | 231.348.0350 (fax)