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�1 ZEN HILLS <br /> • <br /> Group reviewed the Comprehensive Annual Financial Report (CAFR). Clarification of the operating <br /> grants and capital grants was requested (pg 65-66). TIF bonds are not counted against the City or Arden <br /> Hills residents. G.O. Bonds count towards debt and is backed by the City and Arden Hills residents. <br /> 11 <br /> VII. NEXT MEETING AGENDA—August 14, 2007 <br /> A. Fund Balance Policy <br /> VIII. JOINT MEETING WITH PTRC, EDC AND PLANNING COMMISSION <br /> —July 17, 2007 <br /> Cummings Park Pavilion <br /> 6:00 p.m. Dinner—meeting to follow <br /> IX. ADJOURN <br /> Motioned: Jeff Johnson <br /> Seconded: Maurice Gieske <br /> • <br /> Scott Bronson, Chair Susan K. Iverson, Finance Director <br /> City of Arden Hills <br />