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Finance Commission Minutes April 11, 2017 – Draft Minutes Page 3 of 6 91 Commissioner Harold stated the memo from 2011 does stated “The forfeiture accounts have 92 been used to bridge the CIP shortfall and actual needs of the Department.” This leads one to 93 believe that these funds can be used for the CIP gaps. 94 95 Chair Schroeder asked Finance Director Miller to follow up with the City Attorney about using 96 these funds for the CIP shortfall. 97 98 Commissioner Hodder stated the 2011 memo also stated “There is no manner to realistically 99 forecast expected expenditures of the accounts as forfeiture statutes mandate the funds be used to 100 “supplement” the financial needs of a law enforcement agency and not replace budgetary 101 funding.” 102 103 Commissioner Zeller stated the City Attorney had responded to the Commission previously that 104 as long as the purchase fit the criteria of what the funds could be used for then it could be used 105 towards CIP items. He asked if it would be possible to get a more complete summary of each 106 account showing beginning balance, funds collect, all expenditures, and ending balance for 107 future reports. 108 109 110 Revisit Finance Commission Golf Course Funding Recommendation from September 8, 111 2015 112 113 114 Chair Schroeder provided background on the Commission’s previous discussions on the golf 115 course funding recommendation. At the March 20, 2017 City Council meeting, the City received 116 an update on four golf course clubhouse concept designs along with options for replacing the 117 golf course maintenance building. During this presentation, the funding sources identified 118 included $1,300,000 from the Park Dedication Fund, $400,000 from the Park Renewal Program 119 fund, and $200,000 from the Golf Course cash reserves. The Commission’s prior proposal had 120 been to transfer $400,000 of existing Park Dedications funds to the PIP, dedicate two-thirds of 121 future Park Dedication funds to the PIP, beginning in 2020 repurposing $650,000 that was 122 previously used for debt services for the PIP, and defer some of the planned PIP expenditures to 123 future years to ensure a positive cash flow in the next five years. She stated even if the City 124 decides to use all of the Park Dedication Funds for the Golf Course it would make sense to start 125 putting two-thirds of the future park dedication fees towards the PIP. She clarified the Golf 126 Course had not been included in the PIP and it should have been. 127 128 Commissioner Zeller stated another recommendation from the Commission had been to combine 129 the Golf Course Fund with the Park Improvement Fund to provide a consolidated picture. 130 131 Chair Schroeder stated the funding sources identified by the Council does not fund the entire 132 project so the City would have to either bond or increase the levy to cover these funds. Until the 133 Commission receives additional direction from the Council it is difficult to determine what 134 changes should be made to the policy recommendation. She suggested revising the graph to 135 Item 3: Attachment A