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• <br /> -` R ENHILLS <br /> MEMORANDUM <br /> DATE: July 6, 2007 <br /> TO: Financial Planning and Analysis Committee <br /> FROM: Sue Iverson, Finance Director <br /> SUBJECT: 2006 Financial Report and Fund Balance Policy Information <br /> BACKGROUND: <br /> The 2006 Financial Statements were presented to the City Council on June 25, 2007. <br /> 41) DISCUSSION: <br /> I have included a copy of the 2006 Financial Statement, Management Report, and Special Report <br /> for your information. We can discuss any questions you may have and what information we <br /> need to discuss the next policy on Fund Balance based on this information. I have not included <br /> the CIP in this packet, as you have a copy of last year's CIP in your 2007 budget books and we <br /> are currently working on the updated CIP for 2008. I will give you a copy of this once we have <br /> completed this. I have been gathering reference materials for use in our next discussions,but due <br /> to the timing of changing our meeting date—I have not received all the materials yet. <br /> RECOMMENDED ACTION: <br /> None. <br /> • <br />