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Regular City Council Meeting <br /> Monday, September 17,2018 <br /> Page 3 <br /> on the actual budget that the Council approves. The Commission wants to make <br /> it more transparent on what is available. <br /> Councilmember McGehee stated she liked this plan a lot and the plan is some- <br /> thing she has been looking for. She liked the fact that it goes into a central place <br /> and the capital is separated. Communications, Information Technology and Li- <br /> cense Center all receive a substantial portion of their revenue from services the <br /> departments provide so it is not a matter of the Council giving them too much <br /> money and that the departments are asking for more than the department should <br /> have. The funds the Council is actually budgeting for are obviously not generat- <br /> ing too much. She stated she did not have any problems with this and thought it <br /> was an excellent idea. She liked having it as a separate fund with the detail. It is <br /> nice to have the separate fund and not to have to use it or see over time how it is <br /> accumulating and then applying it toward something instead of having it all drib- <br /> ble out the bottom of the budget unnoticed. <br /> Councilmember Willmus stated he agreed and appreciated the work done by the <br /> Commission. He thought the idea of pulling the capital out and knowing where <br /> the City stands for pure operational dollars that are carried forward year after year <br /> is something that will be helpful as the City moves forward. He did like having <br /> this laid out in the manner that is shown in the packet. Not only be able to track <br /> what the lump sum might be but to have some indication of where it is coming <br /> from is and will prove beneficial as time goes on. <br /> Councilmember Laliberte agreed, noting the last time this was brought up the <br /> Council was not sure if they liked this,but she agreed this needed to be researched <br /> little more on how this would actually work, and she thought the Commission has <br /> done a great job of doing that. She liked the use of the chart and the breakdown <br /> of each account as time goes on. She liked the separation recommended, the new <br /> targets recommended, and hoped this gets the Council out of the annual cycle of <br /> talking about borrowing from and paying back reserves. She thanked the Finance <br /> Commission for taking the further steps that was asked of them. <br /> Mayor Roe echoed the thanks, gratitude and appreciation. He stated in terms of <br /> separating of the capital, he believed the City's Communications, IT, and License <br /> Center funds are still "a fund". He asked whether the Commission has deter- <br /> mined a way to segregate the Capital from each. Would there be a sub-fund that <br /> will be identified more overtly as part of the process of accounting for this? <br /> Mayor Roe noted that right now, the capital is within the fund and what the Coun- <br /> cil sees is only what is in the fund and what is needed for operating the fund. He <br /> was not sure if anyone has created separate funds for the capital side. <br /> Chair Schroeder stated the Commission's thoughts were not to make this too <br /> cumbersome for the Finance Department, but it would be nice to have these in <br />