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Regular City Council Meeting Monday, December 3,2018 Page 10 McGehee moved, Willmus seconded, adoption of Resolution No. 11559 (At- tachment C) entitled, "Resolution Adopting the Final 2019 Annual Budget for the City of Roseville." Council Discussion Councilmember Laliberte thanked the residents who have emailed, called, and sent feedback cards. She thought any feedback the City gets from residents is ap- preciated and helpful. Mayor Roe stated by State Statute, the City is required to adopt a budget by funds. He noted Attachment F in the packet is a number of schedules which is outlined by fund the projected revenues by source and the projected expenditures by type. Roll Call Ayes: McGehee, Willmus, Laliberte, Etten, and Roe. Nays: None. d. Adopt a Final 2019 EDA Tax Levy Finance Director Chris Miller briefly highlighted this item as detailed in the RCA and related attachments dated December 3, 2018. Councilmember Willmus asked if the City levied any dollars for the 2018 EDA budget and levy to fund any type of reserve balances. He stated his recollection was the City had not. In discussing with Mr. Miller at the start of the meeting that is the case. He thought the City had strictly funded the programs last year and did not set anything aside for reserves. Leading into a question for future years he thought this is perhaps a situation as the City goes down the road, reserve ac- counts may want to tie to various salaries, things like that, as the EDA does not necessarily have Capital needs. That is something the Council should be aware of and might be an area where those reserve ratios maybe differ than in correlation to the budget. Mayor Roe stated to be clear for the EDA and HRA, the City has a number of funds that are set aside in specific accounts that are dedicated to certain programs and purposes, especially, some of which are statutorily limited to what can be done with those and those are not reflected in the balances. Councilmember McGehee stated in looking at the original budget package, At- tachment E, in the fees reported, looking at community development, the first funding status is 4,998% and keeps going and in twenty years it is 475%. She wondered if there is any way the City can use some of this surplus to cover some of the good things the City wants to do with the EDA.