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SUBJECT: OPEN SPACE & PARKS FUNDING POLICY <br />DATE: OCTOBER 10, 2017 <br />PAGE 7 OF 7 <br />4,000.000 <br />13,000.009 <br />7,000,000 <br />6,000,000 <br />5.,000,41M <br />4,000,000 <br />3,000,000 <br />2,000.000 <br />1,000,000 <br />s <br />1 <br />Open Space & Parks Fund <br />11 <br />1 0 w <br />2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2011 201E 2019 2020 2021 <br />Revenue — Expenditures Fund Balance —Minimum <br />The General Fund transfer alone, as proposed by staff, does not keep the Open Space <br />& Parks Fund reserves at the minimum level. However, there are numerous General <br />Fund transfer formula definitions that could be used. <br />RECOMMENDATION: <br />All information is presented for further discussion. Staff seeks to receive further <br />direction on a long-term funding plan for the Open Space & Parks Fund. This plan will <br />be included in the budget presentation at the public hearing on October 17, 2017. <br />ATTACHMENT(S): <br />None. <br />CITY COUNCIL COMMUNICATION <br />