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39 <br />40 <br />$¤¢¨²¨®­0 ¢ª ¦¤pa•“þ—“ <br />41 <br />Inflationaryincreasesforsupplies,maintenance,contractualservices,etc. <br />42 <br />43 <br />44 <br />45 <br />46 <br />47 <br />The Council could choose to consider using cash reserves to provide funding for these decision packages. <br />48 <br />However, this would be in conflict with the Council-approved financial policies which recommend that the <br />49 <br />City refrain from using reserves to provide for day-to-day operations. In addition, the City’s reserves, <br />50 <br />while generally within reserve level limits, are also being considered to pay for the $1 million+ additional <br />51 <br />costs for the new fire station. <br />52 <br />53 <br />The Council might also consider whether to capture any operational savings and direct it towards the 2013 <br />54 <br />levy requirement. However, the 2012-2013 Budget was intended to allow added flexibility when it comes <br />55 <br />to capitalizing on favorable purchasing environments, or responding to unforeseen circumstances. Under <br />56 <br />the 2-Year Budget model, any operational savings in 2012 should be set aside for 2013 to provide for <br />57 <br />higher-than-expected costs or to offset any unexpected decline in revenues. <br />58 <br />59 <br />To assist the Council is determining whether to fund these decision packages, the Council’s Budget <br />60 <br />Priorities adopted last year are included in Attachment A. The Council’s Strategic Directives adopted in <br />61 <br />May of this year are included in Attachment B. <br />62 <br />63 <br />During the last budget discussion, the Council also requested additional information on vehicle replacement <br />64 <br />policies in our Police and Public Works departments. Supplemental information is included in Attachment <br />65 <br />C. <br />66 <br />67 <br />Staff will be available at the Council meeting to address these decision packages in greater detail. <br />68 <br />PO <br />OLICYBJECTIVE <br />69 <br />Not applicable. <br />70 <br />FI <br />INANCIALMPACTS <br />71 <br />See above. <br />72 <br />SR <br />TAFF ECOMMENDATION <br />73 <br />Not applicable. <br />74 <br />RCA <br />EQUESTEDOUNCILCTION <br />75 <br />For information purposes only. No formal Council action is necessary. <br />76 <br />77 <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: City Council Budget Priorities <br /> B: City Council Strategic Directives <br /> C: Memo dated 10/5/12 from Duane Schwartz, Public Works Director <br /> D: CIP Subcommittee Report <br />Page 4 of 4 <br /> <br />