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Regular City Council Meeting Monday, December 3, 2018 Page 7 Mayor Roe stated in the Park Capital spending there is a separate operating fund. Mr. Miller displayed a spreadsheet of Projected Cash Balances for Unrestricted Operating Funds for the Council to review Councilmember Etten stated if looking at projected versus the actual cash re- serves, without a policy to pull those apart, he thought in the first column, under actual reserves, the money currently being set aside should be reflected in the first column, even if there is a master that shows expected capital expenditures. He thought there needed to be something that shows there is almost a half a million dollars there, which right now do not show up in any other public documents. Mayor Roe thought what might help is to have a column that shows the total pro- jected reserves. Mr. Miller stated this was how the conversation evolved from last week. There was a much lengthier discussion in June on cash reserves which showed in more detail. What is being show tonight, is the information funneled down to what was asked for, which is where the City is projected to land. He stated all of the CIP are projections as well. Councilmember Willmus stated from his perspective when the Council is looking at year end projected reserves for 2018, with respect to the license center, the City is actually going to finish the year out closer to $900,000 versus $439,000 show- ing. Mr. Miller stated that was correct and includes the $55,000. He noted this infor- mation is 2018 so he is looking at the commitments already made through Octo- ber 31, 2018. The $55,000 is included in the $439,000 amount on the third col- umn of the spreadsheet. Councilmember Willmus thought staff should show what the City actually has and where it is unless the City Council states otherwise. Mayor Roe thought the challenge is how does staff take a number and compare it to the targets if, in fact, a big chunk of the number is being thought about as being used for capital. Councilmember McGehee thought the information was good but going forward the City needs to be careful not to look at all of the reserves, think the City is do- ing really well, and overlook all of the capital needs again because that is where the City started in 2010, which was not really paying attention to that. She thought the license center was a cash cow for them and the $55,000 was a very parsimonious offering by the Council. She hoped the Council going forward real-