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Finance Commission Minutes August 21, 2014 Page 6 of 9 Commissioner Bachhuber stated the Commission is recommending making this clearer by stating something should be done beyond just reviewing the balances. Commissioner Konidena stated if there is a trend established then action should be taken but he would not recommend taking action annually. Commissioner Bachhuber agreed the Council should look at overall trends and be aware of them prior to making any changes. Vice Chair Rohloffwithdrew his motion. Vice Chair Rohloff moved, Seconded by Commissioner Zeller to recommend to the City Council updating the Operating Fund Reserve Policy, Implementation Section, to include: if aggregate reserves are outside of the targeted goals, the Council is advised to create a plan to move reserves into targeted goal ranges by committing reserve funds or using excess reserves to reduce the levy. Commissioner Bachhuber asked what the Commission's advisement would be if the funds were below range. Commissioner Bachhuber moved, Seconded by Commissioner Zeller to amend the motion to recommend to the City Council updating the Operating Fund Reserve Policy, Implementation Section, to include: If aggregate reserves are outside of the targeted goals the Council is advised to create a plan to move reserves into target ranges by committing reserve funds, using excess reserves to reduce the levy, or make appropriate budget and/or levy adjustments. The amended motion carried unanimously. Finance Director Miller stated the Council would have budget discussions on August 25 and September 8. The Commission can direct Finance Director Miller to advise the Council of the Commission's recommendation or a member of the Commission can attend the Council meeting and present the recommendation on behalf of the Commission. Chair Schroeder suggested a member of the Commission present the recommendation to the City Council at their August 25, 2014 meeting. She also encouraged members of the Commission to attend the meeting. Vice Chair Rohloff volunteered to make the presentation to the City Council on August 25. Mr. Gary Greffenberg suggested the information provided by Commissioner Zeller be made available to the public.