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Item #13 ___Date:August 10, 2023To:Board of DirectorsFrom:David Aranda, Interim General ManagerSubject:Discuss and Adopt Resolution No. 202303 (Revised)Recommendation Approve Resolution No. 202303

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What is kensington consolidation fiscal study?

The Kensington Consolidation Fiscal Study is a financial analysis tool used to assess the fiscal implications of a proposed consolidation of governmental entities or regions. It evaluates economic impacts, funding sources, and resource allocation.

Who is required to file kensington consolidation fiscal study?

Typically, governmental entities, municipalities, or regional divisions that are considering consolidation or merging operations are required to file the Kensington Consolidation Fiscal Study.

How to fill out kensington consolidation fiscal study?

To fill out the Kensington Consolidation Fiscal Study, entities must provide detailed financial data on revenues, expenditures, and fiscal practices, as well as projected outcomes from the consolidation. Specific guidelines are usually provided by the governing authority responsible for oversight.

What is the purpose of kensington consolidation fiscal study?

The purpose of the Kensington Consolidation Fiscal Study is to analyze the financial feasibility and implications of consolidating governmental functions or entities. It aims to identify potential cost savings, revenue enhancements, and improved service delivery.

What information must be reported on kensington consolidation fiscal study?

The study must report comprehensive financial information, including current budgets, debts, asset valuations, personnel costs, projected revenue changes, and the anticipated fiscal impact of the consolidation.

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