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<br />Memo <br />Draft ClP <br />2 <br /> <br />It should be kept in mind that Working Capital balance under the General Capital Fund is the <br />uncommitted reserve for the City. Any future major capital outlays, other than Public Safety, are <br />to be financed from this fund. The question is does the City desires to commit all of its reserves <br />to CIP? Or does it want to set aside funds for other items? <br /> <br />In the future, staff will be working with the Council to develop a fund balance policy. Not many <br />cities have an official policy, but it would be prudent for us to have one in place. <br /> <br />RECOMMENDED ACTION: <br />Presented for discussion purposes and to demonstrate the impact ofCIP on the Working Capital <br />- fund balance. <br /> <br />. <br /> <br />. <br /> <br />. <br />