{
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    "items": [
        {
            "id": "p37.1",
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            "type": "text",
            "bbox": {
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            "text": "The City was able to meet its current year debt obligations in a timely manner. Bonds that were issued in prior years have been used to finance various capital projects."
        },
        {
            "id": "p37.2",
            "order": 2,
            "type": "text",
            "bbox": {
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            "text": "The City's business-type activities debt decreased by $90 thousand from $0.23 million to $0.14 million. Debt in the business-type activities is for amounts due back to the City for the financing of capital equipment. The City's golf course used a city-funded financing option as an alternative to purchasing golf carts and maintenance equipment from cash flows derived through day-to-day operations. The City's business-type activities were able to meet their current year debt obligation in a timely manner. More detailed information about the City's long-term liabilities is presented in Note 6 through Note 10 to the financial statements."
        },
        {
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            "type": "heading",
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            },
            "text": "ECONOMIC FACTORS AND NEXT YEAR'S BUDGETS",
            "attrs": {
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        {
            "id": "p37.4",
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            "text": "In preparing the budget for fiscal year 2026, management and the City Council considered many ongoing economic impacts such as inflation, supply chain constraints, and labor issues associated with contracts. Keeping the well-being and safety of residents, visitors, and businesses as the highest priority, the City Council has maintained funding to sustain current service levels and supported efforts to ensure that much of the deferred maintenance owing to the pandemic is now being addressed. In addition, the City Council established strategic goals and objectives before the creation of the annual budget, which were given the highest priority during the budget development process. The City Council's strategic goals and objectives include both capital and monetary investments to support the City's economic stability."
        },
        {
            "id": "p37.5",
            "order": 5,
            "type": "text",
            "bbox": {
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            "text": "The City's 2025-2026 Financial Plan can be found on the City's website at www.cityofpalmdesert.org."
        },
        {
            "id": "p37.6",
            "order": 6,
            "type": "heading",
            "bbox": {
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            "text": "CONTACTING THE CITY'S FINANCIAL MANAGEMENT",
            "attrs": {
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            "level": 3
        },
        {
            "id": "p37.7",
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            "type": "text",
            "bbox": {
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            "text": "This financial report is designed to provide our residents, taxpayers, customers, investors, and creditors with a general overview of the City's finances and serves as a resource to demonstrate the stewardship and accountability for the public monies it receives."
        },
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            "type": "text",
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            "text": "If you have questions about this report or need additional financial information, please contact the Finance Department at (760) 346-0611 or info@cityofpalmdesert.org."
        },
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            "text": "37",
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