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Attachment B 46 CIP Priority Ranking Process 47 The Council may recall that the Finance Commission originally submitted a portion of this 48 recommendation back on March 20, 2017 which the Council eventually incorporated into the Capital 49 Investment Policy on April 10, 2017. 4: 51 The Commission subsequently submitted an addendumrecommendation on September 18, 2017 to assign 52 priority rankings to individualcategories or itemsin the CIP.During the discussion,the Council 53 expressed some reservations on the concept of formally assigning priority rankings to the CIP, favoring 54 instead to use any prioritizingcriteria as guidance. 55 56 Over the past few months, the Commission continued to reflect on the Council’s stated position and is 57 recommending that the Council reconsider its decision. The Commission once again recommends that 58 the Council embrace the original priority-setting criteria as well as formally assign priority rankings to 59 individual categories or items in the CIP.This recommendation was put forth at their December 12, 2017 5:meeting, which was preceded by a discussion on November 14. 61 62 Establishing a Cash Reserve Fund 63 The discussion on establishing a Cash Reserve Fund has been an on-going dialogueat the Finance 64 Commission since December of 2016 and culminated in a recommendation at their February 13, 2018 65 meeting. 66 67 As noted above, the Commission is recommendingthat the Council establish a Cash Reserve (Cash 68 Carryforward) Fund to consolidate all unrestricted funds that are not derived from donations or earmarked 69 for capital replacements. As recommended, this would include the following funds: 6: 71 General 72 Parks & Recreation 73 Communications 74 Information Technology 75 License Center 76 77 The general mechanics of creating this Fund could be achieved by taking the following steps: 78 79 7: Remove Capital Create separate Determine Cash 81 From Operating CIP Funds as Reserve Targets for 82 Fundsneeded each Fund 83 84 85 86 87 Sweep $$ in excess Council determines 88 of Cash Reserve how to use (Tax 89 Targets into Relief/Capital) 8:Central Fund 91 92 93 Members of the Finance Commission will present and expound on these recommendations at the 94 meeting.