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Attachment B <br />As depicted in prior presentations, the amounts shown above represent only those funds that are set aside <br />for operations. Monies set aside for capital replacements or received from donations are excluded from <br />the analysis. <br />I will note that the calculation of excess cash reserves will fluctuate from year-to-year for a variety of <br />reasons including: <br />Changes in the year-end cash balance which serves as the numeratorin the calculation. <br />Changes in the annual budget which serves as the denominatorin the calculation. <br />Changes in the amounts set aside for capital <br />(applicable for the Communications, Information <br />Technology, and License Center funds). <br />At the July meeting, it was noted that the monies swept from the funds notedabove would actually be <br />deposited into the General Fund which serves as the statutory repository for all monies that aren’t <br />designated for a specific purpose. <br /> <br />Requested Commission Action <br />Prepare a recommendation for City Council consideration at the Joint City Council-Finance Commission <br />meeting on 9/17/18. <br />Prepared by:Chris Miller, Finance Director <br />Attachments: A: Discussion materials from the August 16, 2018 Finance Commission meeting <br /> <br />