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Attachment B Memo To:Roseville Finance Commission From:Chris Miller, Finance Director Date:January 9, 2018 Re: Item #6:Continue Discussion on Establishing a Cash Reserve Fund Background Over the past year, the Finance Commission has held a number of discussions on the concept of establishing a Cash Reserve or Cash Carryforward Fund. This included discussions on the following dates: January 10, 2017 February 14, 2017 September 18, 2017 (Joint City Council-Finance Commission meeting) November 14, 2017 December 12, 2017 At the September 18, 2017 Joint City Council-Commission meeting, the Council directed the Finance Commission to discuss the concept of creating this fund. Prior to that directive, the City Council also put forth a similar directive to Staff to bring a recommendation in conjunction with the City Manager Recommended Budget. The Recommended Budget along with Staff’s recommendation on creating a Cash Reserve Fund was presented to the Council on August 28, 2017. A copy of Staff’s recommendation is included in Attachment A. More recently at the November 14 Finance Commission meeting, the Commission expressed an interest in better understanding the actualoperating surpluses or deficits that the City has experienced in the past few years. Attachment Bprovides a 5-year summary of the year-end results for the selected operating funds that have generally been included in previous discussions associated with cash reserve balances. The Commission is now asked to develop its own recommendation to the Council. Staff Recommendation SeeAttachment A. Requested Commission Action Consider the concept of developing a Cash Reserve or Cash Carryforward Policy. Prepared by:Chris Miller, Finance Director Attachments:A:Staff Recommendation on the Creation of a Cash Reserve (Carryforward) Fund. B: 5-Year Summary of Financial Results for Selected Operating Funds.