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Regular City Council Meeting Monday, October 19, 2015 Page 6 In reviewing the current versus revised funding forecast, Mr. Miller noted the City Council discussions to-date to dedicate new tax levy dollars to strengthen the PIF and to address the surges as shown. Mr. Miller noted that while the long-ter�n projections looked better, there were still soine timing issues to address to cash flow major improvements, adjust their tiining, find additional revenue, or not re- place those CIP items at the end of their useful life. Mr. Miller advised that staff could run sensitivity scenarios for various tiining replacements, but suggested having City and Park staff weigh in on policy implications for operational iinpacts in deferring any of those CIP items over the next 5-10 years. Mr. Miller advised that both the Finance and Parks & Recreation Commissions had discussed use of the Park Dedication Fund balance to help out the situation, but deferred further comment on the status of those discussions to City Manager Trudgeon. However, Mr. Miller noted the need to balance the leeway in using those fiinds with the City Attonley's previous caution on how and where those funds could be used. City Manager Tnidgeon reported that a good discussion had been held with the Finance and Parks & Recreation Commissions on retaining a miniinum balance in the Park Dedication Fund. Mr. Trudgeon advised that the Parks & Recreation Coinmission was scheduled for a joint meeting with the City Council in Novem- ber of 2015 and would report on those discussions, including the Park Dedication Fund and the Golf Course. At the request of Mayor Roe, Finance Director Miler reported that the current Park Dedication Fund balance, including the recent Owasso Field transaction, was approximately $1 million. Without expenditure tiining changes, as noted by Mayor Roe, Mr. Miller concurred that the PIF was not brought to sustainability even if all Park Dedication funds were applied and continued to run a negative. However, Mr. Miller noted that part of that was due to the front-ended deficit in- cluded for the purpose of educating and keeping everyone aware of the deficit, and alerting the public and future City Council's to sustainability issues requiring further discussion. Mayor Roe suggested that it might be helpful — between now and the December decision-making for the 2016 budget and tax levy — for staff to come forward with several recommended scenarios. For the purpose of projections, Mayor Roe stat- ed he was more comfortable with having a plan in place closer to staying above "zero" and understood the implications that created. Mayor Roe suggested it would be helpful to have staff and advisory cominission input on those scenarios. Councihneinber McGehee agreed with Mayor Roe, noting that in her discussions earlier today with Finance Director Miller, she had noted the difficulty in address- ing sustainability from an abstract versus a more realistic view including the fine detail. Councilmember McGehee stated that infonnation as requested by Mayor