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Regular City Council Meeting Monday,August 25, 2014 Page 22 remainder of 2014, duly noted by City Manager Trudgeon, while clarifying that staff was currently in the process of filling the positions at this time, and would continue along that line as part of normal operations unless otherwise directed by the City Council tonight. In his attempts to encompass the budget process over a period of time, Coun- cilmember Etten noted a process glitch in that the City Council, once the budget was adopted, didn't see the final budget in January of the following year once adopted in December of the prior year. As part of the budget process, Coun- cilmember Etten expressed his interest in that final steep to make sure everyone was on the same page. Recognizing that staff had a lot to keep track of, Coun- cilmember Etten opined that having that information available as soon after adop- tion as possible, would be helpful not only for the City Council but for the public as well. Mayor Roe opined it would be like a final reconciliation by the body of the math after many numbers were tossed around. At this time, Mayor Roe recognized Finance Commission representatives for their recommendation. Justin Roloff, Finance Commission Vice Chair Vice Chair Roloff noted the presence of three other commissioners in tonight's audience as well. Vice Chair Roloff reviewed the background of the Commission's analysis over the last two meetings of historical reserve levels, with Commissioner Pete Zeller charting those trends and comparisons to today. At their August 21, 2014 meet- ing, Vice Chair Roloff advised that the Commission had formally and unanimous- ly approved a policy recommendation, as follows: Operating Reserve Fund Policy If aggregate reserves are outside of targeted goals, the Council is advised to create a plan to get reserves into targeted goal ranges by committing reserve funds using aggregate excess reserves to reduce the levy or make appropriate budget or tax levy adjustments. As part of their analysis and deliberations, Vice Chair Roloff advised that the Commission looked at each individual operating reserve, some of which were higher than the targeted goal (e.g. License Center) and originally were going to recommend that the reserves be used to reduce the levy or transferred elsewhere,