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Regular City Council Meeting Monday,May 15, 2017 Page 5 advised that such a small increase could be absorbed without much notice by home- owners, even though it would increase the levy and be in conjunction with other levy needs also coming before the City Council for consideration. Mayor Roe noted that such an increase would represent approximately a 1% in- crease from the current levy, and possibly even less when combined with other considerations. When looking at potential funding sources and keeping healthy fund balances be- yond the policy target of each, Councilmember Willmus sought further discussion by Finance Director Miller related to potential strategies to reallocate dollars from one fund to another. Finance Director Miller noted that this was a possibility at the City Council's dis- cretion for any repurposing or reallocating of funds, but cautioned that there were trade-offs in taking that step. Mr. Miller noted that, at least for the 5, 10 and 20 year CIP, it would look more problematic, but on a conceptual level, agreed with Councilmember Willmus' potential strategy. From another perspective, Mayor Roe asked for additional information from staff by running projections from various funds if current balance funds were reallocated in 2018, and whether or not those funds would remain healthy for the 20 year long- term picture or whether reallocation in 2018 would end up with the funds looking better from that same long-term view; or how viable such reallocation was in solv- ing issues in the short- and long-terms. Councilmember Willmus opined that by carrying it over for five years, it could potentially put a dent in the long-term picture. Finance Director Miller expressed appreciation for this discussion early-on in the process; but also asked the City Council to provide staff with any long-term levy targets moving forward to inform staff as they prepare their recommended budget. Councilmember Willmus stated that, as staff carried forward additional analyses and the bigger picture was known as to reallocation of funds in dollar format would look, then he would consider himself in a better position to provide a target levy. Mayor Roe noted that all available funding didn't need to be reallocated in 2018. Finance Director Miller clarified that staff was looking for City Council feedback on any or all of the four funding recommendations for implementation going for- ward, with built-in assumptions and inflationary impacts. However, if they were approved, Mr. Miller noted that they did represent a future City Council decision