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City Council <br />Budget Retreat Meeting Minutes <br />July 12 &August 2, 2018 <br />Page 13 of 13 <br />#4 Finance Committee has recommended establishing a separate fund to track <br />revenues, expenditure, and reserves for the Recreation Center and Memory Square <br />Pool. <br />Mayor Pro Tem Lipton stated they are looking at a 20-25 year model for equipment <br />replacement, building maintenance and the like consistent with the tax Language. It <br />would include all revenues. Members were in agreement with the recommendation; <br />details on the transfer and reserves will be worked out by Council at a later date. <br />Staff will need some direction at a later date on the continued subsidizing of the golf <br />course from the General or Capital Fund. <br />Budget Calendar <br />Director Watson reviewed the proposed budget calendar and a possible change to <br />move the September 4 introduction of the budget to September 17. <br />Members reviewed the advanced agenda. <br />Members adjourned at 9:40 pm. <br />ADJOURN <br />Robert P. Muckle, Mayor <br />