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III. MONITORING AND REPORTING <br /> The City Administrator, Finance Director or designee shall annually prepare the status of <br /> fund balances in relation to this policy and present to the City Council in conjunction <br /> with the development of the annual budget. <br /> When both restricted and unrestricted resources are available for use, it is the City's <br /> policy to first use restricted resources, and then use unrestricted resources as they are <br /> needed. <br /> When committed, assigned or unassigned resources are available for use, it is the City's <br /> policy to use resources in the following order; 1.) committed 2.) assigned and 3.) <br /> unassigned. <br /> A negative residual amount may not be reported for restricted, committed, or assigned <br /> fund balances in the General fund. <br /> Adopted by the City Council of Centerville, Minnesota this /2 day of __ ; , <br /> 2011. <br /> Tom Wilharber, Mayor <br /> cAttest; -.. <br /> Teresa Bender, Clerk <br />