City Council Agenda and Packet 2015 11 02

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City Council Meeting Minutes October 13, 2015 Page 12 of 18 Council member Keany asked for Council member Lipton to comment on the percentage. City Manager Fleming noted the graph being considered shows the percentage of what has been reflected in the General Fund forecast. Projected reserve at the end of 2016 is 31.4% and at the end of 2020 back to 22% and goes as high as 33% in 2017 in terms of operational expenditures the reserve represents. Council member Lipton asked if this was dependent on how much was spent in the Capital Fund. City Manager Fleming noted this is the General Fund, but could depend somewhat on transfers to the Open Space and Parks Fund and to the Capital Projects Fund if necessary. Mayor Muckle noted the graph might bend down by transfers from this fund to Capital Projects based on the earlier conversation about streets. Council member Lipton appreciated the scale showing increased percentage. Trying to reconcile what he saw before and now. He was hoping to get to 23 % -25% in reserves in future years. Mayor Muckle supported growing reserves, was not sure he could support growing beyond 20% next year, but could depend on projects such as the paving. Mayor Muckle suggested moving on to discussing the reserves in the Open Space & Parks Fund and whether to withhold money out of the Open Space & Parks Fund and put it in the General Fund giving more flexibility. He was not in favor of doing so. Council member Stolzmann was under the impression the decision had been made to take the City Manager's recommendation until meetings in December when this will be redone. Mayor Muckle asked if Council agreed to include this in the fiscal policy discussion in December. Council concurred. Weed Control Mayor Muckle noted staff had a new recommendation to contract weed control. Council member Stolzmann wondered if this was just the Weed Coordinator revisited and what level of weed control could be expected next year with the budget proposal. 25