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Regular City Council Meeting Monday,July 16, 2018 Page 6 Councilmember Willmus asked about the Finance Commission's view of the var- ious staff recommendations. Finance Director Miller responded that the Finance Commission is still exploring the options. During the Finance Commission-City Council joint meeting in Sep- tember, the Finance Commission will have a number of recommendations. This area will be one of them. In the General Facilities Fund, there is agreement. The Finance Commission does have concerns about the Pavement Management Pro- gram, allowing the reserve level to draw down too far. They would prefer to keep it as an endowment fund and live off the interest earnings. Councilmember Willmus asked about page 3 on the RCA, specifically the para- graph about the projected deficit and measures that have been taken. Finance Director Miller read aloud the following paragraph from page 3 of the RCA: In contrast to the projected CIP spending of$186.7 million, the City ex- pects to have only $178.6 million available over that same time period based on current funding and cash reserve levels; leaving a funding deficit of$8.1 million. In comparison, the funding deficit five years ago was ap- proximately $70 million. Finance Director Miller noted that about $60 million in deficit has been taken off the books due to the actions of this Council and previous Councils. These were difficult decisions, but the outcome is that this is getting very close to sustainabil- ity. Councilmember McGehee stated this has been a collaborative effort between the Council and the City staff. Councilmember Willmus added that this also speaks to the fluidity of the docu- ment itself. The constant updating and adjusting of this is a big part of it. Mayor Roe noted that the vision in 2011/2012 was to make sure every year as a City, the Council look at all projected costs and funding and always doing the necessary analyses to get to the sustainability the City is looking for. Councilmember Laliberte agreed with the comments of her colleagues. Addition- ally, any discussion of repurposing a debt levy for another reason requires a con- versation with the community. Councilmember Etten noted most Cities are not addressing the water needs and capital needs across the country, according to an NPR story he recently heard, so Roseville is way ahead of the curve in that area. In regards to the shifting and making changes as needed, the Attachment D shows what the plan was last year,