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Attachment B Commissioner Bachhuber stated the next discussion points would be what are the individual limits in each of the funds and what would the limit be for the sweep fund. Commissioner McRoberts suggested the sweep fund have a target level that would be sufficient to be able to fund those areas that fall below their targets and if this account gets above the target there should be a formal review. Chair Schroeder clarified this concept would budget to the target low for each fund and everything above that would be moved to the cash carry forward fund. The cash carry forward fund would also have a target range and if the fund goes above this amount the City would have a formal review and discussion on what the funds should be used for and the remaining funds would be used to keep the funds at the target levels. She asked Finance Director Miller what the target range would have to be for the cash carry forward fund in order to support the City if a need were to arise. The Commission would like to know how these policy changes would impact the funds. Discussion On Utility Infrastructure Replacement Funding Strategies Chair Schroeder stated the Commission had reviewed this previously and had unanimously agreed that the utility infrastructure replacement funding should not be included in property taxes. Commissioner Murray asked if there had been any changes since the Commission had reviewed this item. Finance Director Miller stated there were no changes. The impact for the average household may not be significant but other property types would be impacted significantly more. Commissioner McRoberts stated the value of the infrastructure does not change with the price of the house. Commissioner Harold moved, Seconded by Commission McRoberts to recommend the City not change the way the rates are charged for the utility infrastructure funding. The motion carried unanimously. Identify Discussion Items for the Future Meeting (Feb. 13, Mar. 13, April 10) Chair Schroeder stated the next agenda would include continued discussions on the cash carry forward fund, the draft meeting calendar and meeting topics and review and discussion of items the Commission would like to present to the City Council.