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95 <br />$2,000,000 <br />$l,soo,000 � <br />$i,000,000 - <br />�soo,000 ��� <br />$- <br />$�soo,000� � <br />$�l,000,000� � <br />$�i,soo,000� �� <br />��2,000,000� <br />��2,soo,000� <br />$(3,000,000) � <br />$(3,500,000) <br />Park Improvement Fund - Revised <br />� <br />� Revenues � Expenditures Cash Balance <br />�,� <br />As shown in the revised graphs above, although the supplemental funding plan will go a long way in <br />creating long-term financial sustainability, financing gaps will remain a challenge for these three funds <br />over the next 20 years. <br />POLICY OBJECTIVE <br />-� � Establishing long-term financial plans and planning processes is consistent with municipal best <br />�� practices as well as the goals and objectives established by the City Council. <br />FINANCIAL IMPACTS <br />Not applicable. <br />STAFF RECOMMENDATION <br />� � Not applicable. <br />�: REQUESTED COUNCIL ACTION <br />� For information purposes only. No formal Council action is required. <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: 2016 CIP <br />Page 5 of 5 <br />