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SUBJECT: 2018 RECOMMENDED BUDGET AND 2018-2021 LONG-TERM PLAN <br />DATE: SEPTEMBER 26, 2017 <br />PAGE 22 OF 24 <br />2011 2012 2013 2014 2015 2016 2017 2018 <br />® Revenue — Expenditures MN= Fund Balance —Target —Minimum <br />Alternative Scenario 3: Funding Recreation Center Improvements <br />In the third alternative scenario, the recommended funding for the Recreation <br />Center/Memory Square improvements (discussed in the preceding Five -Year Capital <br />Improvement Plan Update section) has been included in the model. <br />Removing the projects outlined in the recommendation allows a re -appropriation of <br />$1,011,850 to transfers into the Recreation Center Construction Fund from: <br />The Capital Projects Fund ($357,350); <br />The Conservation Trust — Lottery Fund ($459,500); and <br />The General Fund ($195,000), which represents the reduction in the Open Space <br />& Parks Fund capital. <br />Since this is simply a re -appropriation from Capital to Transfers, it only affects the <br />bottom-line reserves of the Recreation Center Construction Fund. <br />However, the additional recommendation to transfer $1,250,000 from the General Fund <br />impacts the 2018 ending General Fund balance as shown in the following graph. <br />CITY COUNCIL COMMUNICATION <br />23 <br />