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2017_0217_FC_Packet
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2017_0217_FC_Packet
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3/9/2017 12:08:14 PM
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Roseville Finance Commission <br />Agenda Item <br /> <br />Page 2 of 2 <br /> <br />Finally, Staff will suggest that any discussion associated with cash reserves be held in the context of the <br />City’s Capital Investment and Operating Fund Cash Reserve Policies; both of which contain guidance <br />on keeping cash reserves at an appropriate level to ensure financially sustainability. Taking these policies <br />together, one might consider earmarking unneeded cash reserves towards the City’s underfunded capital <br />replacement programs which currently has a funding deficit of $26 million over the next 20 years. <br /> <br />Staff Recommendation <br />Not applicable. <br /> <br />Requested Commission Action <br />For review and discussion purposes only. No formal Commission action is necessary. <br /> <br /> <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Not applicable.
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