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<br />Memo <br />Consolidation of Funds <br />2 <br /> <br />constmction or any other projects out of this fund. In the future, if the Council desires to set . <br />aside funds for a very specific purpose, they can formally designate funds in such a manner. If <br />necessary, either a new fund can be created or project accounting can be used. <br /> <br />The Public Safety Capital Fund should remain unchanged as the City wjll have to set aside funds <br />for future Public Safety Capital needs. <br /> <br />RECOMMENDED ACTION: <br />Staff recommends that the City Council approve the consolidation of Municipal Land & <br />Building Fund, Non-Assessable Road Improvement Fund, and Capital Equipment/Improvcments <br />Funds with the Permanent Improvement Revolving Fund (PIR). As part of this consolidation, <br />the Council also authorizes staff to transfer any remaining fund balances into the PIR Fund. <br /> <br />. <br /> <br />. <br />