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* Note that the Council received an earlier version of this chart in the July 14, 2014 Council packet. It <br />69 <br />was revised for the meeting, but it is unclear whether CouncilmemberÔs received it. <br />70 <br />71 <br />** Given that the 12-month CPI index came in at 1.4% instead of 2.0%, the ‘Employee COLA’ budget <br />72 <br />impact depicted in the chart can be reduced. Bear in mind that the reduced COLA would only apply to <br />73 <br />non-union employees, and some of those employees are NOT funded by property taxes. The estimated <br />74 <br />reduction is $35,000. <br />75 <br />76 <br />The Council is reminded to bring all budget-related materials received to date, to subsequent budget <br />77 <br />discussions. <br />78 <br />PO <br />OLICYBJECTIVE <br />79 <br />Establishing long-term financial plans and planning processes is consistent with industry best practices <br />80 <br />as well as the goals and strategies outlined in the Imagine Roseville 2025 process. <br />81 <br />FI <br />INANCIAL MPACTS <br />82 <br />Not applicable. <br />83 <br />SR <br />TAFF ECOMMENDATION <br />84 <br />Not applicable. <br />85 <br />RCA <br />EQUESTED OUNCIL CTION <br />86 <br />For information purposes only. No formal Council action is required. <br />87 <br />88 <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Memo dated August 25, 2014 on Historical Cash Reserve Levels <br />Page 3 of 3 <br />