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Regular City Council Meeting Monday,August 25, 2014 Page 23 but had amended the recommendation as stated above, to change or appropriate levy or budget adjustments. Mayor Roe, and in terms of the process for practical applications or specific ex- amples, referenced a bench handout from the Commission meeting provided to the City Council that summarized aggregate funds as of 2013 in relationship to their target. Vice Chair Roloff reviewed the combined reserve dollars (goal versus actual) used by Commissioner Zeller in his summary of aggregate funds and with budg- eted expenditures as of 2013, since no actual figures were available yet for 2014. Discussion included the rationale for use of high or average goals; targeted goal ranges based on policy language and allowing flexibility to decide on high, low or average goals according to a prescribed plan; unrestricted funds defined; use of Communications Fund franchise fees not under federal law as restricted; applica- tion to operating funds, not CIP funds; and whether to apply excess reserves to- ward CIP shortfalls. Vice Chair Roloff advised that the Finance Commission had not yet talked about the CIP fund and shortfalls, as to-date they had been concentrating on the operat- ing reserves, and considered both funds separately, with plans to look at CIP re- serves and funding at future meetings. Vice Chair Roloff noted that the recommendation retained an option for the City Council to commit reserve funds (e.g. building a new License Center), with re- maining non-committed reserves then at the lower end of the goal. Commissioner Pete Zeller clarified that the Communications Fund was not part of this initial analysis,but his understanding was that it was not a restricted fund. Councilmember Laliberte asked for the Finance Commission's thoughts on those reserve funds below desired ranges. Commissioner Roloff advised that his original recommendation, as amended by the Commission vote, had suggested transfer from one to another reserve fund; however, it was thought prudent to not lose any historical data for accounting purposes; and if one reserve fund continually operated at a low reserve and was bailed out by another fund, it would not allow for good comparisons. However, Commissioner Roloff noted that there was a third option in the final recommenda- tion to make appropriate budget or levy adjustments. Councilmember Laliberte opined that she would want to be sure to understand why a fund was underperforming and fix the problem, as noted by Commissioner Roloff; it was only a one-time problem.