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<br />Memorandum, Community Services Fund Discussion Follow-up <br />Page Two <br />March II, 1999 <br /> <br />. <br /> <br />Alternative 1999 TCAAP Funding <br />Should Council wish to consider approving unbudgeted 1998 operating transfers from the <br />Community Services Fund to the Recreation Fund No. 226 ($16,300), Fire Equipment Sinking <br />Fund No. 412 ($47,500), utilizing the General Fund estimated surplus of revenues over <br />expenditures ($119,900) combined with previous two transfers (i.e., $16,300 and $47,500) to <br />make an operating transfer from the General Fund to the TCAAP Fund ($183,700). In addition, <br />the budgeted 1999 $16,300 transfer from the General Fund to the Recreation Fund could be <br />reduced in a similar manner to that of 1998. The impact of these revised operating transfers <br />would be to leave TCAAP Fund No. 223 with a 1999 funded balance of $200,000. <br /> <br />Other Policy Considerations <br />a. What is the comfort level regarding past budget practices of expending approximately <br />fifty percent (50%) of charitable gambling contributions on operating program deficit <br />funding and saving the balance for future significant spending programs? <br /> <br />b. Is it still Council's philosophy not to have the General Fund dependent (from a revenue <br />standpoint) upon operating transfers from the Community Services Fund because of the <br />future uncertainty of this revenue source? <br /> <br />c. <br /> <br />The City will be reporting on projected uses of existing Community Services fund <br />balance (i.e., 58% Parks; 42% Fire). After the TCAAP planning funding commitment is <br />over, is there a mix of funding uses (e.g. Recreation, Park Capital, Police or Fire <br />Operations; Fire Capital), that Council would be comfortable expending on an annual <br />basis? <br /> <br />. <br /> <br />. <br />