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Regular City Council Meeting Monday,July 17,2017 Page 4 Mayor Roe also asked if golf course costs as presented considered the new club house replacement. Finance Director Miller stated that that had been taken out, but the Golf Course Fund remained problematic even with that factored out. Mr. Miller advised that replacement of the maintenance shed, course upgrades and equipment were in- cluded in the numbers presented,but not a new clubhouse. Councilmember Willmus asked, with confirmation by Finance Director Miller, that the unrestricted cash reserve level specific to the General Fund at year-end 2014 was approximately $1.1 million; with Mayor Roe noting that this included a decertification of a tax increment financing(TIF) district. Mayor Roe noted that the recent adoption of a policy as recommended by the Fi- nance Commission, regarding the appropriate use of reserves to address the Gen- eral Fund. At the request of Councilmember Willmus, Finance Director Miller reviewed TIF district de-certifications coming up in the near future, as detailed on page 3 of the staff report, with TIF District#11 (old Twin Lakes District) scheduled for decerti- fication in December of 2017 or June of 2018, with an anticipated receipt by the city of between $825,000 to $925,000. Regarding reserves and cash carry forward, Councilmember Willmus noted the Finance Commission's unanimous recommendation to the City Council last April to create a Cash Carry Forward Fund; and asked that policy's status. City Man- ager Trudgeon responded that he and Finance Director Miller were in the process of drafting a policy for the City Council's review, with its intended unveiling scheduled as part of the City Manager's Recommended Budget in August. At the request of Councilmember Willmus as to whether the draft policy would be pre- sented to the Finance Commission prior to the City Council, Mr. Trudgeon ad- vised that he preferred that the City Council have a first look at the draft. Councilmember McGehee noted that the City Council always talked about cash carry forward and use of reserves for ongoing funding needs, but noted that in- stead the monies needed to be applied to CIP needs. Mayor Roe noted that was an excellent point, and suggested as the City Council considered the next TIF decertification, it be given serious consideration that re- serves are not an unlimited free source of money, but instead given an annual re- view in the city's plus/minus accounting process as part of the decision as to what amount of reserves—if any—should be used. Councilmember Etten agreed with Councilmember McGehee in the use of one- time monies in the larger CIP deficit areas. Councilmember Etten stated that he would rather budget by using ongoing money to pay for ongoing expenses.