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Chair:Address:1245 W Highway 96
Arden Hills MN 55112Ed On Holtum
Commissioners:Dan Allstate
Dan Erickson
Jim Huninghake
Vacant
Vacant
Vacant
VacantPhone:6517927800Economic Development
Commission
February
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What is infrastructure fiscal soundness?
Infrastructure fiscal soundness refers to the financial health and sustainability of an entity's infrastructure projects, ensuring that long-term obligations can be met without jeopardizing financial stability.
Who is required to file infrastructure fiscal soundness?
Typically, public agencies, municipalities, and other governmental entities that manage or oversee infrastructure projects are required to file reports on infrastructure fiscal soundness.
How to fill out infrastructure fiscal soundness?
To fill out the infrastructure fiscal soundness report, entities need to gather financial data, assess their infrastructure maintenance and investment plans, and complete the designated forms accurately reflecting their fiscal status.
What is the purpose of infrastructure fiscal soundness?
The purpose of infrastructure fiscal soundness is to ensure that entities maintain adequate financial practices to support the continuous operation, maintenance, and development of infrastructure, thereby preventing future financial crises.
What information must be reported on infrastructure fiscal soundness?
Entities must report financial data, including current debts, revenue sources, budget allocations for infrastructure, maintenance costs, and projections for future fiscal health related to infrastructure projects.
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